Philadelphia, Pennsylvania

This company had been operating for a year and was looking to increase working capital to support rapid growth. Initially, they got an MCA loan. The decision caused a reduction in working capital because of high monthly payments and hindered their growth. Their accountant suggested Riviera to support their working capital needs and future growth with Accounts Receivable Factoring. Riviera Finance was able to payoff the existing MCA loan and provide needed working capital to meet their growing payroll.

This trucking company was in desperate need of fast cash to make insurance payments and for fuel to continue to move trucks for the balance of the week. Having never heard of factoring, the owner was careful to explore every detail of our program before committing, yet was very cooperative with our process. Because Pennsylvania is on-line with their UCC searches, Riviera was able to fund the client on the same day we received his final paperwork. Riviera’s Max Cash pricing was easy for the client to understand and the high advance rate gave him the cash flow he needed to continue to run his trucks into the following week. No longer constrained by cash needs for fuel or drivers, our client is now calling former customers for growth. He has a meeting scheduled with a large auto parts distributor next month to discuss a multi-million dollar transportation contract. He could never have had this meeting without the cash flow provided by Riviera.

This start-up wholesale pet food company signed large contracts with national retailers and was referred to Riviera for cash flow solutions. The company needed working capital to meet national orders for over 1,000 locations. As they fulfilled orders, Riviera factored the invoices, providing them with immediate cash for their business to help fulfill the next orders. They are expanding quickly and able to keep up with demand by utilizing Riviera’s invoice factoring services.