A fuel card is a useful resource to help you save money when buying fuel. There are some key advantages for truck drivers and owners of trucking companies to obtaining a fuel card. You’ll gain even more benefits if you also use transportation factoring. Read more
COVID-19 has been stressful and challenging on many levels. In addition to health concerns, the economy has suffered greatly with many jobs lost and businesses shutting down or filing bankruptcy. With the slowdown in many industries and traditional lenders’ underwriting process becoming more stringent, many business owners have discovered the benefits of alternative financing such as invoice financing and purchase order financing.
Traditionally, importers and distributors of consumer goods & supplies selling to retailers were most often using purchase order financing to grow their businesses. In the new landscape, many retailers are requiring longer payment terms which only increases the need for companies selling to them to obtain short-term funding such as purchase order financing and accounts receivable factoring.
The trucking industry is currently experiencing some rapid changes. Increased bankruptcies, technological shifts, and fierce competition are all having a strong impact on the industry. If you’re a truck driver, own a trucking company or are in any way involved in transportation or logistics, it’s important to stay informed on these issues. The following are three of the biggest trends that will impact truck driving in 2020. Read more
As another Thanksgiving approaches, this is the time of year to consider all of the reasons we have to be grateful, such as our families, homes, communities and businesses. Each company is unique and we enjoy being an integral part of so many different types of businesses. At Riviera Finance, we realize that being a financial service provider, we play an especially crucial role in the financial health of our clients which are mainly small businesses. We do not take lightly, the level of trust our clients continually place in us. We take pride in helping businesses grow and reach their full potential. Read more
Riviera Finance exhibited at the Oil Sands Conference and Trade Show in Fort McMurray, Alberta in mid-September. Alberta Premier Jason Kenney made the keynote speech and addressed his strategy to kick-start Alberta’s economy, including cutting corporate taxes, eliminating the carbon tax, and reducing limits on Alberta energy production. Oil and gas related companies from across Western Canada attended. Ryan Gabriel of Riviera Finance’s Calgary office, and Jason Smith from the Minneapolis office, enjoyed meeting with the local businesses.