We Are Celebrating National SBDC Day

Celebration SBDC Day | Riviera FinanceNational SBDC Day is March 22 and we are joining the celebration. Nearly 1,000 Small Business Development Centers across the United States will celebrate the small business community with events, public relations initiatives, and social media campaigns designed to highlight the importance of small business on economic development nationwide.

Local SBDC Offices Offer Free Training

According to the ASBDC: Small business owners and aspiring entrepreneurs can go to their local SBDCs for FREE face-to-face business consulting and at-cost training, on topics including:

  • Writing business plans
  • Accessing capital
  • Marketing
  • Regulatory compliance
  • Technology development
  • International trade

The U.S. Small Business Administration reports: Small Business Development Centers (SBDCs) provide a vast array of technical assistance to small businesses and aspiring entrepreneurs. By supporting business growth, sustainability and enhancing the creation of new businesses entities, SBDCs foster local and regional economic development through job creation and retention. As a result of the no cost, extensive, one-on-one, long-term professional business advising, low-cost training and other specialized services SBDC clients receive, the program remains one of the nation’s largest small business assistance programs in the federal government . The SBDCs are made up of a unique collaboration of SBA federal funds, state and local governments, and private sector resources.

SBDC assistance is available virtually anywhere with 63 Host networks branching out with more than 900 service delivery points throughout the U.S., the District of Columbia, Guam, Puerto Rico, American Samoa and the U.S. Virgin Islands.

Learn more about the SBDC on their website.

Riviera Finance Supports the SBDC

Riviera Finance has sponsored numerous SBDC events and activities over the past 10 years.  Our affiliation allows us to access critical resources for our small business clients to ensure their growth and success.

Learn more about how your local office is celebrating SBDC Day.

The Results Are In! Why Do Our Clients Choose Riviera Finance?

Riviera Finance's Customer SatisfactionWe’re grateful to our clients for choosing Riviera Finance as their go-to source of capital.  In January, we sent out a client survey to find out exactly what they like about our service and how we can improve.

More than 160 clients completed the survey.

We are pleased to report that 93% of clients would recommend Riviera Finance to a friend or colleague.

Top 5 Reasons Clients Choose Riviera Finance

  1. Friendly Sales Representative
  2. Great Customer Service
  3. User Friendly Online Account Management System
  4. Financial Stability of Riviera Finance
  5. Straight-Forward Pricing

What are Riviera Finance’s Top Attributes (on a scale of 1-10)

  1. Professionalism – 9.4
  2. Technology – 9.3
  3. Responsiveness and Ease of Application – 9.2
  4. Quality of product and understanding company’s needs – 9.1

Riviera Finance was founded in 1969 and is recognized as a leader in business financing. With over 1,400 clients and 20+ local offices, we are able to provide expert financial solutions to small and medium sized businesses nationwide.

Learn more about invoice factoring and how your business can benefit from it.  Contact Riviera Finance today for your invoice factoring needs!

Freight Bill Factoring Lunch & Learn Presentation

Kim Bukovsky | Freight Bill Factoring PresentationAt Riviera Finance, we look for opportunities for our colleagues to get involved in the community and showcase their expertise. Kim Bukovsky, Midwest Development Manager, presented our Freight Bill Factoring Program and services to a transportation dispatching class on Saturday, February 25. She joined Julia Vasco with Paradox Solutions Group in their dispatch training center for a lunch and learn presentation.

Paradox Solutions Group is an in-class training center that provides everything you need to know about starting and establishing a trucking company.

They provide and assist with the following tasks:

  • Obtaining DOT and MC numbers
  • Corporations and Federal Tax ID’s
  • All U.S. and Canada truck permits
  • Form 2290 Heavy Highway Vehicle Tax
  • IFTA Calculations
  • QuickBooks and bookkeeping

In these classes, you will also learn how to work as an OTR Dispatcher. Julia has more than 15 years of experience in the transportation industry and can help you with your questions. Visit their website to learn more about their dispatch training and services – they are not a trucking company, they are a training center

Kim Bukovsky & Julia Vasco During The Freight Bill Factoring Lunch & Learn Presentation

Riviera Finance has been providing freight bill factoring to the trucking industry for more than 45 years and can help you get paid faster. Our program allows you to factor your freight bills and get paid within 24 hours.

Visit our website for additional information and approval on our invoice factoring program and services for your start up trucking company.

Baking Cookies for Valentine’s Day at Ronald McDonald House

Riviera Finance Volunteers at Ronald McDonald HouseFor Valentine’s Day, a group of employees of the Chicago Riviera Finance office participated in the “Cookies from the Heart” program at a local Ronald McDonald House.

Kim, Helen, Greg and Michelle coordinated the visit and baked Peanut Butter Blossom Cookies for the families staying at the House. They purchased the ingredients and baked in the full-service kitchen on site.

The team visited the Ronald McDonald House located near the Loyola University Medical Center in Chicago, Illinois. There are 5 Ronald McDonald Houses in the area that provide a supportive ‘home away from home’ for families while their child is being treated at a nearby hospital. The House has 18 bedrooms and is decorated based on the children’s book, The Secret Garden, with several secret places to be enjoyed by all.

“Our employees volunteered our time to bake cookies, so when the families came home after a long day at the hospital they were cared for with treats,” said Kim.

Baking Cookies at Ronald McDonald House
The House offers comfortable, private rooms where families can get a good night’s rest knowing their child is close by and gives families the opportunity to connect with others going through similar experiences. During their stay, parents can exchange stories over a cup of coffee in the kitchen, while siblings bond with new friends in the play room. Every night, 153 families are able to heal together because of the comfort, compassion and community found at each of the Ronald McDonald Houses.

Baking Cookies at Ronald McDonald House
Volunteers arrive daily, offering their welcoming smiles and helpful hands where they’ll tidy things up and provide home-cooked meals. Laundry and computer facilities provide accessibility and convenience. The folks who work at the House are always there, providing care and comfort to families during their greatest time of need.

Visit www.rmhc.org for more information about the Ronald McDonald House and how you can volunteer your time. Our Chicago team plans to volunteer their time again next quarter.

Riviera Finance is a leader in business financing. Get more information about our invoice factoring services and how we can help your business.

Don’t Wait! Learn How You Can Get Paid Faster.

Get Paid Faster with Invoice FactoringMany businesses struggle with cash flow problems, often due to unpaid invoices. One solution to this is the practice of invoice factoring, where you sell your accounts receivable to another company in exchange for upfront cash. This practice is not new, but not everyone is familiar with it.

Additionally, there are often obstacles and complications that discourage businesses from taking advantage of factoring. With Riviera Finance, however, getting immediate cash for your invoices is simple and practical.

How It Works

Once you sign up as a Riviera Finance client, factoring your receivables for immediate cash is simple. Here are the steps:

How to Factor Your Invoices

  • You submit a list of customers for invoice factoring, giving us the business name, address and the amount you need.
  • We immediately set a credit limit for these customers.
  • In most cases, you’ll be able to get instant online credit with FastCredit.
  • You deliver the products or services your customers ordered as you normally would. Instead of sending invoices to your customer, send them directly to Riviera, along with proof of delivery.
  • After we verify delivery of goods or performance of service, you get your cash. Funds are wired into your bank account within 24 hours, with our service fee deducted.
  • We forward invoices to your customers for payment.

It’s easy to see how factoring your invoices with Riviera Finance is a convenient way to get paid faster for your invoices. However, there are some important benefits to the health of your business that may not be obvious.

  • Freedom from the time and hassle of collecting payments.
  • More cash to grow your business, whether by increasing production, acquiring essential equipment, upgrading technology or doing more marketing.
  • Improved supplier credit. In some cases, suppliers may even give you cash discounts.
  • Ability to work with more high-quality customers who request credit terms.
  • Reduced expenses by leveraging your advantageous cash position.

Factoring your invoices is a simple yet powerful way to improve the financial health of your business. It gives you additional time and cash to run your business more efficiently, serve your customers and accelerate growth. Riviera Finance is a service that gives you peace of mind and lets you focus your energy in more productive ways.

Is Riviera Finance Right For Your Business?

Every business has unique needs and you should always carefully look at your situation and decide whether factoring your invoices is right for you. There are, as we’ve seen, some definite advantages to this approach. Although many businesses are just starting to discover the possibility of factoring their invoices, Riviera Finance has been providing financing solutions for small and medium-sized businesses since 1969. With more than 1,200 clients and offices throughout North America, we have the experience and expertise to guide you to a more secure financial position for your business.

Consult with us today and find out what invoice factoring can do for you.