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PAYROLL FINANCING

Lending and Finance Options for Business Owners

Having Trouble Making Funds Available for Payroll?

Are you having trouble making funds available for payroll? Do you have open accounts receivable? Payroll financing will free up funds and cover payroll obligations. Companies in many industries often run into cash flow problems when they have to wait 30, 60, or 90 days for clients to pay their invoices. Payroll financing, also referred to as payroll funding, is a simple way to overcome this challenge and start having more consistent cash flow to cover regular payroll and other expenses.

What Is Payroll Financing?

Payroll financing, also known as payroll funding, is another term used for invoice factoring that allows businesses to receive immediate cash for invoices, generating funds to cover payroll. The payroll funding company purchases invoices and advances you up to 90% of the invoice’s value. You can use this money to fund your payroll needs, as well as any other business expenses.

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Our Process

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STEP 1

Apply

Complete form & become a Riviera client

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STEP 2

Service

You deliver your products or services

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STEP 3

Send

Send your invoices to Riviera Finance

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STEP 4

Get Paid

Riviera verifies & pays you within 24 hours

How Payroll Funding Works

When you set up payroll funding, you will take the following steps to start improving the cash flow for your business.

  1. You perform services for your clients, generating invoices.
  2. You sell the unpaid invoices to a payroll funding company.
  3. You receive advances of up to 90% of the invoice value.
  4. Your customers send invoice payment to the payroll funding company.
  5. You receive the remainder of the invoice value with a small fee deducted.

How Quickly Do You Receive Funding?

The biggest advantage of payroll financing is getting paid almost immediately. Rather than waiting weeks or months for customers to pay, you can get funded in as little as 24 hours.

Learn More About Payroll Funding

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 Payroll Financing

Get paid on your terms. Get back to business. Here are the key advantages of payroll financing and why companies like yours take advantage of this solution.

  • Boost in Working Capital. Every business needs consistent cash flow to succeed. With payroll funding, your financial position can become much more stable.
  • Easier Approval Process Than Loans. Applying for a bank loan is a complicated and time-consuming process. It can also be difficult to qualify. It’s easier to apply for payroll funding, where the factoring company cares mostly about the financial solvency of your clients.
  • Receive Cash Within 24 Hours. When you work with an experienced payroll funding company such as Riviera Finance, you can receive payment within a day.
  • Straightforward Fees. Traditional financing often involves various fees. With payroll funding, you only pay a small fee that is deducted each invoice you submit.
  • Don’t Take On New Debt. One disadvantage of loans is that they involve debt, which can impact your credit. Selling invoices at a discount is a type of financing that doesn’t tie you down with debt.
  • Flexible Policies. Leading factoring companies such as Riviera Finance offer flexible options. You choose which invoices to sell and there are no monthly minimums to commit to. As your business grows, you can increase your funding.
  • Easier to Grow Your Business. When you aren’t hampered by cash flow problems, you can more readily focus on business growth opportunities. Some other business initiatives you could focus on – invest in new technology, hire more staff, or expand your business.
Working Capital When You Need It The Most

Does Payroll Funding Work For My Industry?

Payroll financing can be used by any industry as long as you have open accounts receivable from credit-worthy businesses. The following are examples of businesses that can benefit from payroll financing but are not limited to this list. Riviera Finance works with a variety of businesses and industries. 

  • Small Businesses
  • Startups
  • Non-bankable Companies
  • Staffing Companies
  • Janitorial Services
  • Security Services
  • B2B Services

Working Capital For Your Business When You Need It The Most

Riviera Finance offers a wide range of flexible financing solutions to businesses of all sizes, including the following:

  • Payroll Financing
  • Payroll Funding
  • Invoice Factoring
  • Payroll Processing Services
  • Credit Management
  • Cash Flow Support

Riviera Finance has been helping businesses of all types meet their payroll and cash flow needs for more than 50 years. To learn more about how payroll funding can work for your business, contact Riviera Finance online.

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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