If you’re seeking oil and gas financing, invoice factoring is one of the best solutions. With factoring, you can boost cash flow by collecting immediate payments for invoices. Invoice factoring has many advantages over other types of financing.
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.
What is a Fuel Card?
The simplest way to think of a fuel card is that it’s like a prepaid “club” credit card that affords you significant discounts on fuel, tires, roadside service and repair services. Riviera Finance has partnered with TransConnect Services (TCS) to afford their clients some of the best discounts in the business.
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.
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.