Houston, Texas

This business had been operating for one year providing mechanic service for oil rigs. They have contracts with some of the largest drilling rig fleets which require 30 – 60 day payment terms. The company needed a cash flow solution in order to make regular payroll. Fortunately, they were referred to Riviera and we were able to get them set-up quickly so that their operations could run smoothly and continue to grow at a rapid rate. They are now on track to double their monthly volume.

This company found Riviera in their quest for a solution to their cash flow issues. Their first year in business was going well, but their growth potential was being held up because their customers paid in 30-60 days and they had to pay vendors and employees long before that. Riviera’s factoring services have allowed the company to meet their financial obligations and feel confident taking on new business.

Another lender referred this company to Riviera because their existing line of credit was not sufficient to meet their growth needs. Riviera set up a $250,000 factoring line which has allowed the client to seek larger projects and expand their business.