Vancouver, British Columbia, Canada

This start-up wholesaler of lifestyle brands received a large purchase order from a subscription box company. Needless to say, they were excited about the order, but they didn’t have the capital to pay their overseas supplier for the goods. Riviera was able to provide them with a purchase order financing solution, then provide immediate cash flow once the order was fulfilled by factoring the invoice. They have continued to be able to increase their sales volume by factoring large invoices when cash flow is needed.

In January 2012, an oilfield transportation company looked at its bank account and saw its balance was alarmingly low, thanks in no small part to having dispatched a record number of its trucks to haul heavy loads under dangerous winter conditions. Another icy highway accident would have sent them scrambling for the phone to demand faster payments from its existing customers, mostly just to cover the rescue and repair bills.
Rather than put their valued clients in an uncomfortable position and risk future business, the client placed an inquiry with Riviera Finance at the recommendation of a colleague. The objective was to factor a few invoices to give them enough extra cash to make it through the deep winter freeze, with no future obligations. Not only was Riviera able to meet their requirements, we provided such effortless service that the client continues to use the facility as a convenient tool whenever cash gets tight, busy season or not.

Since then, the client has added trucks, personnel, and even a few new accounts. For many of our clients all across Western Canada, Riviera Finance takes a lot of the stress out of the peak winter season.

This government contractor sells PPE to the state of California. With the increased demand due to the Covid-19 outbreak, they needed some cash flow quickly to keep up with the demand. They submitted their application over a holiday weekend and four days later received $750k in their bank account. They are now able to pay their supplier on time and continue fulfilling more orders.