Does Riviera Finance offer non-recourse financing services?

Since 1969, Riviera Finance has offered non-recourse factoring services. Non-recourse financing and factoring is the outright purchase of accounts receivable (invoices) for cash. This method of business financing provides a company with cash flow, protection from bad debt, and accounts receivable management services when they need it most.

Riviera Finance pioneered the use of non-recourse financing for small, growing companies. Without the cash flow to afford an accounts receivable staff, or the financial history to qualify for a business loan, many growing companies find value in the non-recourse factoring services provided by Riviera Finance.

One main feature of non-recourse financing is that Riviera Finance will guarantee payment of the factored invoice, even if your customer goes bankrupt. This guarantee is a powerful tool that can eliminate bad debt. Under recourse factoring, the borrower must have the ability to “buy back” the invoice if the customer is unable to pay.

To deliver our non-recourse financing services, Riviera Finance employs a team of accounts receivable management professionals in local offices across the United States and Canada. Riviera Finance non-recourse factoring clients depend on us every day to provide full credit, invoice processing, posting and collection services.

Riviera Finance has met the working capital needs of more than 10,000 companies.

Riviera Finance is one of the most flexible, experienced and trustworthy companies in the United States that provides business factoring services. Riviera has more than 25 locations and serves thousands of small and medium-sized businesses in a variety of industries. Let’s look at some of the benefits of obtaining invoice factoring services from Riviera Finance.

• Improve Business Finances. With invoice factoring, you can more easily make payments and meet obligations such as payroll. You can use cash to pay off debts and strengthen your credit with confidence, knows it is non-recourse.
• Fund Business Growth. When your cash flow situation improves, you’re in a position to grow by purchasing inventory, hiring additional employees and investing in marketing.
• Save Money on Supplier Discounts. With more cash at your disposal, you become eligible for supplier discounts. You also save money and time by not having to deal with collections. Resources can be redirected in more productive directions.
• Positive Company Reputation and Resources. Riviera Finance has been in business for more than 50 years and has more than 25 locations around the U.S. and Canada. Riviera has helped more 10,000 companies with working capital.

Invoice factoring provides a wide range of benefits. Depending on the type of business you have and your own situation, you can take advantage of improved cash flow however it suits you. Many businesses find invoice factoring to be a more convenient and user-friendly alternative to traditional working capital loans for small business.