Seattle, Washington

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.

An IT services company based in Kirkland, WA landed its first engagements with Amazon and Nintendo. Recognizing the added personnel could create a biweekly payroll cash crunch, the client approached a number of factoring companies to compare options. Banks were in a state of retreat, offering prohibitively small credit limits. The client did not want to dilute equity by taking on additional investors.

After entertaining five different proposals, Riviera Finance was selected due to its financial strength, credit rating, program flexibility and simplicity, its 42 years in business, and also based the strength of its client recommendations – all areas where our competitors often come up short. In exchange, Riviera Finance has given the client total expansion flexibility, enabling it to add new staff at a moment’s notice. This in turn has led to an increased level of engagement with both Nintendo and Amazon, as their respective project managers have witnessed the client’s ability to seamlessly supply new, highly qualified, well paid staff to its most important IT projects on short notice.

Riviera Finance helps owners spend far less time navigating cash flow issues, freeing them up to focus on the “business” side of their business.

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.