What is Accounts Receivable Factoring?
Also known as accounts receivable financing, factoring is a transaction which involves selling receivables to a factoring company. The receivables factoring company pays the business owner (you) for your outstanding invoices. Then, the factor is paid by your customer.
Accounts receivable factoring is used to smooth out the gaps in your cash flow caused by slow-paying customers. It’s a debt-free way to get paid sooner by unlocking the cash tied up in unpaid invoices. Since it’s not a loan, there is nothing to repay.
Rather than waiting 30+ days for payment from a customer, factoring accounts receivable helps your business get paid immediately for goods and/or services you’ve already provided.
Riviera Finance is a leading accounts receivable factoring company for more than 50 years and has helped many business owners with payroll funding and cash flow issues.
Benefits of Accounts Receivable Factoring with Riviera
- Steady cash flow with factoring accounts receivable
- Grow your business with working capital
- Increase cash flow for marketing, payroll funding and other expenses
Once you are a client, an invoice and verification of services is all it takes to get your business funded.
Let Riviera Finance be your accounts receivable factoring company. Factoring accounts receivable is a great way to increase your working capital. Better cash means easier payroll funding and the ability to grow your company.
Discover how lucrative factoring accounts receivable can be. AR factoring is simple and requires a freight bill or invoice and verification of services. Improve your company’s financial condition by increasing the working capital that you can invest back into your business. Discover the advantages of an accounts receivable factoring company.
Get Cash Now with Riviera Finance
- Become a Riviera client
- Factor Your Invoice(s)
- Get Paid in 24 Hours
Most businesses at one time or another need financial assistance in order to grow. Riviera Finance has been helping companies achieve their financial goals for nearly 50 years. Find out how we can help you reach your goals, too.
What Types of Businesses Factor Receivables?
If you’re a B2B company, you’re likely eligible for accounts receivable factoring, even if you’re a startup. It’s important to remember that it doesn’t matter if you have less-than-perfect credit. You can obtain the financing you need by selling your accounts receivable to a factoring company.
We work with a variety of industries, including: