Riviera Finance Welcomes 170 New Clients During the First Quarter

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Riviera Finance is excited to welcome 170 new clients during the first quarter of 2012. Whether you have chosen Riviera Finance because we offer non-recourse factoring, provide the highest advance rates in the industry, offer the most competitive rates, or came highly referred, we aim to provide you with the best customer service in the industry. Riviera Finance has been dedicated to factoring small businesses over the past 42 years and we understand your cash flow needs.

Here is a sampling of the new companies funded during the first quarter of 2012.

A $50,000.00 account limit on a trucking company in Manitoba, Canada.

A $300,000.00 account limit on a Modular Building Repair company in Louisiana.

A $500,000.00 account limit on an environmental testing company in Virginia.

A $250,000.00 account limit on a software developer in Ohio.

A $250,000.00 account limit on a metal fabricator in North Dakota.

A $75,000.00 account limit on a trucking company in Maine.

A $1,000,000.00 account limit on a tank truck carrier in British Columbia.

A $200,000.00 account limit on a concrete product manufacturer in Illinois.

A $100,000.00 account limit on a strategic development company in Colorado.

A $300,000.00 account limit on a clothing designer in California.

Surging Freight Volume Creates Demand for Freight Bill Factoring

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Truck freight volumes rose 10.5% in December, the highest yr./yr. growth in 13 years, according to the American Trucking Associations’ tonnage index. In the small-to-medium-sized carrier sector, such spikes create a serious strain on working capital, as most expenses are paid in cash while loads are billed on credit.

freight-bill-factoring

Many carriers use factoring to provide the increased working capital necessary to ride these growth surges. Riviera Finance offers the full package of finance, credit services and receivables management to allow the carrier to focus on hauling loads and growing the business.

According to the ATA, all indicators were favorable for the trucking industry in December and are likely to continue through February. Low inventories coupled with a strengthening economy and higher manufacturing outputs all contributed to the healthy numbers. See the ATA website here for more information about the December growth in freight volumes.

 

Riviera Finance Expands to Hoboken

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Riviera Finance is pleased to announce the opening of our new office in Hoboken, New Jersey. The office is located at:

50 Harrison St., Suite #214E
Hoboken, NJ 07030
201-876-4858
201-876-4869 (fax)

With its proximity to Manhattan, our new Hoboken office gives us an expanded local presence in one of the country’s most vital small business markets.

Joining Riviera to open our Hoboken office is Tal Malachovsky, Business Development Manager. Tal enters the Riviera ranks with a long and successful career in the small business finance sector in tow. Tal’s history working with local small businesses in the New York/New Jersey area and his experience as an entrepreneur himself creates a bright future for Tal, Riviera, and the many local businesses seeking the capital for future growth and success.

Help us welcome Tal and celebrate the opening of our Hoboken office. You can contact Tal at the number above, or visit the office’s Web page here: Riviera Hoboken

Riviera Finance Welcomes 51 New Clients in December 2011

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Riviera Finance is excited to welcome 51 new clients that funded in the month of December 2011. Whether you have chosen Riviera Finance because we offer non-recourse factoring, provide the highest advance rates available, offer the most competitive rates, or came highly referred, we aim to provide you with the best customer service in the industry. Riviera Finance has been dedicated to factoring small businesses over the past 43 years and we understand your cash flow needs.

Here is a sampling of the new companies funded this month:

A $100,000.00 account limit on a trucking company in Florida.

A $100,000.00 account limit on a staffing agency in Ontario, Canada.

A $500,000.00 account limit on a business service company in California.

A $250,000.00 account limit on a construction company in Washington.

A $300,000.00 account limit on trucking company in Georgia.

A $100,000.00 account limit on a machine shop in California.

A $100,000.00 account limit on a trucking company in New York.

A $1,000,000.00 account limit on a water tanker hauler in British Columbia.

A $100,000.00 account limit on an oilfield manufacturer in Georgia.

A $100,000.00 account limit on a cable contractor in South Carolina.