11 transportation clients benefited from Riviera Finance’s non-recourse factoring programming when the transportation broker, Eleets Transportation, went out of business. In essence, the non-recourse purchase of the invoices allowed the clients to transfer the credit risk and subsequent credit loss to Riviera Finance. Read more
Riviera Finance is excited to welcome 197 new clients during the third 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 for the quarter.
Invoice factoring just became easier for entrepreneurs throughout Oklahoma!
Riviera Finance has opened its doors to its newest office, in Oklahoma City:
4334 Northwest Expressway
Oklahoma City, OK 73116
Riviera has been providing accounts receivable factoring to businesses across U.S. for well over 40 years. Our hallmark is our personalized, face-to-face service, and we’re excited to include Oklahoma City on the growing roster of two dozen cities we call home.
In August, eight clients directly benefited from Riviera Finance’s non-recourse factoring program when Riviera Finance submitted just over $101,000.00 for write-off. The non-recourse benefits extended to a trucking client in Southern California where Riviera Finance absorbed a $48,000.00 credit risk. In Dallas, where Riviera Finance absorbed a $26,400.00 credit risk for another trucking client, and in Chicago where Riviera Finance absorbed a $9,000.00 credit risk for a staffing agency.