Tampa Bay, Florida

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 (versus the previous $3MM), easily meeting payroll and forming a wholesale subsidiary to increase business and profit margins further.

This Miami-based trucking company was eager to expand but was having difficulty generating capital quickly enough to bankroll their need for new equipment. They had several excellent accounts, all of which were paying more slowly than they would have liked. Riviera was able to factor all of their accounts, greatly improving their cash flow in the process, and the company was able to purchase four new refrigerated trucks. Since then, their monthly sales volume has tripled.

This company has been growing steadily for their first five years in business.  Suddenly, with more customers requiring extending payment terms, they found themselves with cash flow problems.  While researching their options, they came across Riviera’s website.  Within a short period, they became a client and are now using Riviera’s invoice factoring services to fund their day-to-day expenses.