Skip to main content

What industries benefit from invoice factoring?

Invoice Factoring FAQs

What industries benefit from invoice factoring?

Our invoice factoring company offers accounts receivable factoring for increased cash flow and working capital for business financing, payroll funding, and other expenses for virtually any industry as long as you bill your customers by invoice. As an invoice factoring and freight factoring company, we can help trucking companies by providing cash in exchange for a freight bill and valid bill of lading.

Companies use the cash they receive from factoring for a variety of reasons, including:

  • To make payroll
  • To pay rent
  • To buy inventory or raw materials
  • To hire more employees
  • To take on new orders or customers

See what Riviera Finance can do for you as your factoring company.

Riviera Finance can be your freight factoring company, providing you cash in exchange for freight bills. Growing companies choose Riviera Finance for their invoice factoring company. Accounts receivable factoring is a great way to provide for payroll funding and other expenses by increasing cash flow and working capital.

Factoring brokers: Our non-recourse invoice factoring company offers business financing for most industries and an opportunity to provide quality service to your clients through accounts receivable factoring. Let Riviera Finance be your payroll funding company, freight factoring company and more.

Our Process

Checklist and Shield Icon

STEP 1

Apply

Complete form & become a Riviera client

Handshake icon

STEP 2

Service

You deliver your products or services

Receipt Icon

STEP 3

Send

Send your invoices to Riviera Finance

Bills - Icon

STEP 4

Get Paid

Riviera verifies & pays you within 24 hours

Benefits of Choosing Riviera as Your Factoring Company

Speed of Delivery

Our process is built around immediate response to client needs, and the fastest cash turn around in the industry.

Dependable Service

We have 125 skilled employees at key locations across the U.S. approving credit, processing invoices, and wiring.

Maximum Cash Advances

We pay the highest cash advances in the industry and strive to fund our clients without holding reserves.

Convenience

Riviera’s Online Account Management system, your accounts are available online 24/7.

Simplicity

Simple applications, no set-up fees, and no long-term contracts make getting started with Riviera easy.

Personal Service

Hearing what our clients need and consistently delivering it builds trust and a satisfied customer relationship.

Diversity

To best serve our diverse client base, Riviera has dedicated support, in your time zone, that speak your language.

Financial Stability

You can feel secure knowing that funds are always available for your next funding.

Recent Fundings

ILLINOIS

Staffing

Factoring Line

$300,000

This healthcare staffing business 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 loan and provide needed working capital to meet their growing payroll.

COLORADO

Transportation Broker

Factoring Line

$700,000

Established in 2005, this company needed to maximize cash flow to handle seasonal increases in load volume and a surge in new contracts. Riviera Finance quickly established a full-service factoring line which provides free credit checks and converts invoices to cash within 24 hours. The client is funded twice a week on a non-recourse basis. As a value-add, Riviera Finance prepares and mails checks to the client’s carriers. Between April and June, this client doubled its factored volume and continues to experience healthy growth.

FLORIDA

Specialty Wholesaler

Factoring Line

$350,000

A specialty wholesaler that distributes exclusively to assisted living facilities and the health club industry was looking for a way to grow their business without creating debt. They also needed to find a way to extend large credit lines to customers without risking personal assets. Riviera offered them a way to accomplish both of these objectives. Now after factoring for over a year with Riviera, this company relocated to a state-of-the-art warehouse facility. They are on target to do $5MM in sales, easily meeting payroll and forming a wholesale subsidiary to increase business and profit margins further.

Why Wait?

Start getting paid immediately

Google Rating
4.8
Based on 724 reviews
×
js_loader