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SMALL BUSINESS CREDIT LINE

Unlock Funding For Growth & Expenses

If you own a small business, you’re probably familiar with the challenge of not having as much cash at your disposal as you’d like. At certain times, you may encounter cash shortages if some of your clients aren’t paying you promptly. Some businesses experience seasonal shifts where money flows in more freely at certain times of the year than others. For these and similar circumstances, having a small business line of credit is very useful to unlock funding for growth and expenses.

Typically a line of credit is granted to a business that has enough history to demonstrate its ability to generate cash flow.  The credit line is used to fill in the gaps caused by seasonal issues, unplanned growth, or other causes of cash shortages.  The lender usually takes a first security interest in all assets of the company, and often on the assets of the owner as well.

In simple terms, the lender establishes a pool of funds that’s available for the business to use as long as its financial situation remains strong.  Principal and interest are repaid according to the lender’s terms.

For many businesses, getting a line of credit isn’t so simple. If your business is new or your own personal credit is less than pristine, you may find that it’s hard or impossible to get the credit you need. One alternative you may not have considered is invoice factoring. This is a way to unlock working capital and improve cash flow without obtaining a traditional loan.

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Our Process

STEP 1

Apply

Complete form & become a Riviera client

STEP 2

Service

You deliver your products or services

STEP 3

Send

Send your invoices to Riviera Finance

STEP 4

Get Paid

Riviera verifies & pays you within 24 hours

Invoice Factoring: How it Works

Invoice factoring is a distinctive financial service offered by certain companies, including Riviera Finance. The way it works is that the factoring company purchases your accounts receivable and gives you cash up front for your unpaid invoices. This solves your cash flow problems as you don’t have to wait for clients to pay the invoices in 30, 60 or 90 days.

In some ways an invoice factoring line is like a business line of credit.  As long as you have collateral in the form of invoices (accounts receivable), working capital is available to you when you need it.  The amount available is determined by the advance rate (up to 95% of the invoice) and the credit quality of the customers.

While invoice factoring can be thought of as a business loan or a small business line of credit, it works differently from traditional loans. For one thing, you don’t need perfect personal credit to obtain this type of financing. The factoring company actually looks more closely at your customers’ credit, because the customers are the ultimate source of payment.  And because of this, using a factoring line your company doesn’t incur debt.

Invoice factoring is a simple way for small businesses to take control of their finances and solve cash flow problems. One of the leading invoice factoring companies in the U.S. and Canada is Riviera Finance, which has been working with businesses since 1969.

Learn More About Factoring

Benefits of Invoice Factoring

Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.

Immediate Cash

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

Quick Credit Checks

Receive Credit Checks on Your Customers

Low Risk

Competitive Rates and No Hidden Fees

Financial Freedom

No Debt is Created

Bad Debt Protection

Riviera takes on all the credit risk!

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Complete the form for a Free Consultation.


Advantages of Working with Riviera Finance

When you choose invoice factoring with Riviera Finance, you open your business up to many new possibilities. You can break through limitations that are caused by restricted cash flow.

  • Earn more favorable pricing and credit terms with your suppliers.
  • Spend less money and effort on collections and redirect your resources to more fruitful areas as such as marketing, production and expansion.
  • Have more available cash for essential resources, including employees and equipment. You’ll find it easier to stay current with financial obligations such as payroll, utilities, supplies and other ordinary business expenses.
  • Use your increased cash flow to pay off bad debt and improve your credit rating.

These are some of the ways that invoice factoring can help make your business stronger. If you’re considering this type of arrangement, it makes sense to work with a company that’s been doing it for a long time and that has extensive resources. Riviera Finance has more than 150 employees in over 25 locations throughout the U.S. and Canada. We provide an advanced tracking system called ROAM (Riviera Online Account Management) that lets you keep track of all your transactions 24/7.

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Why Wait?

Start getting paid immediately

What Our Customers Are Saying

The personnel I deal with on a regular basis at Riviera are very friendly and extremely helpful. If I call with a question or concern, they are prompt in assisting me.

Marjie EllisonDallas, TX

For financing it can't get much easier. Our company has been growing for several years and the growth rates could not have been achieved without the additional financing that Riviera has provided.

Stan ShawPhoenix, AZ

Riviera helps keep a consistent cash flow and help us manage our receivables. They also help keep us from doing business with customers whose credit level is substandard.

John SavastenBirmingham, AL

Not only am I happy that I have a steady flow of cash when I need it but I am treated very well by the people who work there.

Robert GrayPortland, OR

Riviera is the backbone of my business by me knowing I always have a little something tucked away and that I can stand on my own two feet. Not only are they there to help, but they have become friends and family.

Linda VillanuevaBaltimore, MD
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