San Jose, California

This janitorial business lost its source of business financing because their previous factoring company was unfortunately unable to continue their funding with the COVID-19 shut-down. They initially had trouble finding another funding source that could approve them for non-recourse factoring based on their customer concentration. Riviera Finance was able to offer them the non-recourse, flexible factoring program that they needed to continue their operations and meet payroll.

This company, which produces specialty/promotional items for corporations, needed cash to meet an ever-growing demand for their product. Riviera Finance stepped in and helped the company take on new clients and expand its service to its existing client base.

This subcontractor won a bid to lay Google fiber in the city. They were completing work and invoicing on a weekly basis for finished jobs, but with the general contractor paying 30 days after being invoiced, they were getting tight on cash. Fortunately, they found Riviera and less than three days later, they received their first funding. They can now continue to complete their contract on-time without cash flow holding them back.