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FREIGHT FACTORING

Unlock Cash In Your Outstanding Invoices

Turn Your Freight Bills Into Cash Now

Are you looking to unlock cash in your outstanding invoices? Waiting 30, 60 or 90 days for your customers to pay can really put a strain on your freight business.  Riviera Finance is here to help. With immediate cash for your freight bills, you can not only run your business, you can grow it. Plus, when you factor with Riviera, you receive service from our top-rated support team.

Why Freight Companies Have Chosen Riviera For More Than 50 Years

  • 95% Advance Rate
  • Funding within 24 Hours of Verification
  • You Select which Invoices You Factor
  • No Monthly Minimums
  • No Hidden Fees
Get Started Now

Benefits of Invoice Factoring

Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.

Immediate Cash

Our process is built around immediate response to client needs, and the best cash turn around in the industry.

Quick Credit Checks

Receive Credit Checks on Your Customers

Low Risk

Competitive Rates and No Hidden Fees

Financial Freedom

No Debt is Created

Bad Debt Protection

Riviera takes on all the credit risk!

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Complete the form for a Free Consultation.


Unlock Working Capital

Businesses in the trucking, transportation, and freight industry often experience cash flow issues due to their customers requiring Net 30-60 payment terms. Freight companies can’t wait weeks for payment when they need to pay for fuel, cover payroll, and other business expenses. Freight factoring is a type of financing that can help transportation companies get paid at the completion of service and improve their cash flow. We also offer the following types of factoring for the freight industry

What Is Freight Factoring?

Freight factoring, a type of invoice factoring, involves selling your unpaid freight invoices to a factoring company. Rather than having to wait for your customer to pay an invoice, you get an immediate cash advance. Freight companies, including trucking, 3PL warehousing, and intermodal rail can use factoring to unlock capital, which can be used for overhead expenses including fuel, employees, maintaining vehicles, and other purposes.

How Freight Factoring Works

Factoring involves three parties: your trucking company, your customers, and the factoring company. Here are the steps involved in factoring freight invoices to get your business the working capital it needs to fund your business forward. 

  • Once you complete a service, submit the unpaid invoice that you want to factor. You may arrange to factor some or all of your invoices.
  • You receive a cash advance. Depending on the terms of the factoring company, you may get 95% or more of the invoice’s face value. Freight factoring advances tend to be higher than in other industries.
  • Your customer sends payment to the factoring company. Since you’ve sold the invoice to the factoring company, clients pay them rather than you.
  • You receive the remainder of the invoice value, minus a factoring fee.
Learn More About Factoring

Our Process

STEP 1

Apply

Complete form & become a Riviera client

STEP 2

Service

You deliver your products or services

STEP 3

Send

Send your invoices to Riviera Finance

STEP 4

Get Paid

Riviera verifies & pays you within 24 hours

Freight Businesses We Fund

If you have a business in the trucking and freight industry and have clients who pay on terms, you can most likely benefit from freight factoring. Rivera Finance factors Owner-Operators and fleets across the trucking industry spectrum, including:

  • Dry Van
  • Intermodal
  • Flatbed
  • Refrigerated “Reefer”
  • Dump Truck
  • Dry Bulk
  • Water/Liquid
  • Aggregate
  • Courier 
  • Vehicle Towing 
  • Auto-Hauling
  • Box Truck 
  • Sprinter Van 
  • Flag/Escort

Work with a Top-Rated Freight Factoring Company

Freight Factoring Success Story

Benefits of Freight Factoring

There are several benefits of freight factoring for trucking and freight companies. Here are a few of the most common benefits. 

  • Make payroll and other expenses more easily. With consistent cash flow, it’s easier to pay your employees and make bill payments on time.
  • Grow your business. When you have cash flow problems, you can’t invest in hiring employees, buying and maintaining trucks, marketing, and other costs. Factoring provides you with capital that can be used to grow your business.
  • Reduce time devoted to collections. When you factor invoices, the factoring company becomes your partner for tasks such as collections. You and your staff can refocus on other activities.
  • Get financing without going into debt. Unlike loans, factoring doesn’t impact your credit. You don’t have to worry about taking on debt. You can use your improved cash flow to pay off existing debts.
  • Get customer credit checks. Factoring companies run credit checks on your customers to make sure they are creditworthy. You can find out if potential new clients are reliable without having to do your credit checks.
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Riviera Finance Fuel Card

Fuel discounts / 1,800 locations nationwide / Convenience

Fuel Discounts – Substantial savings at TA and Petro, Speedway, Roady’s & many other locations nationwide
100% Transparency – No account set-up fees or monthly maintenance fees, and low transaction fees
Mobile App / Online Resources – 24/7 Access to Fuel Finder Tool and Online Resources
Universally Accepted – Accepted nationwide at all major chains including Pilot, Flying J & Love’s

Learn More

What is Required for Freight Factoring?

To apply for factoring with Riviera Finance, you will need to provide certain documentation, including:

  • Personal identification
  • Tax ID or Employer Identification Number (EIN)
  • Invoices
  • Corporate or DBA filing documents
  • Additional documents may be requested 

Freight Factoring with Riviera Finance is Different

You built your business, we help it grow. There are several reasons trucking and freight companies work with Riviera Finance. We streamline your payments, so you have the fast funding you need to manage and grow your trucking business.

  • Personalized Customer Support
  • Simple Application and Setup
  • Experience and Stability
  • Maximum Cash Advances
  • Fast Funding
  • Flexibility with No Monthly Minimums
  • Convenience and Access to ROAM™(our proprietary online account management)

Ready to get started? Our team moves quickly so that you can get the cash you need to keep growing your business. Apply Now

 

What Our Customers Are Saying

The personnel I deal with on a regular basis at Riviera are very friendly and extremely helpful. If I call with a question or concern, they are prompt in assisting me.

Marjie EllisonDallas, TX

For financing it can't get much easier. Our company has been growing for several years and the growth rates could not have been achieved without the additional financing that Riviera has provided.

Stan ShawPhoenix, AZ

Riviera helps keep a consistent cash flow and help us manage our receivables. They also help keep us from doing business with customers whose credit level is substandard.

John SavastenBirmingham, AL

Not only am I happy that I have a steady flow of cash when I need it but I am treated very well by the people who work there.

Robert GrayPortland, OR

Riviera is the backbone of my business by me knowing I always have a little something tucked away and that I can stand on my own two feet. Not only are they there to help, but they have become friends and family.

Linda VillanuevaBaltimore, MD
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Why Wait?

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