Pittsburgh, Pennsylvania

This brand new company started business this year with five trucks servicing some major oil and gas companies. They chose to work with Riviera since their inception because of our personal service and local staff. With Riviera’s cash flow assistance, they are expanding their business and are on track to add 15 more trucks by the end of the year.

A young entrepreneur landed a large purchase order from a major distributor. While it was quite the accomplishment, he needed financial assistance in order to fulfill the order. Riviera was able to provide him with a complete solution. We helped secure PO financing, provided by our sister company, which paid his overseas supplier for the finished goods. After those goods were delivered to the distributor, we factored the invoice, providing this young company with operating capital.

A large fashion apparel wholesaler who has been in business for 11 years found themselves cash strapped even as sales were increasing, due to the long payment terms their big name retailers required. They had an existing bank line of credit but the amount was restrictive. They hired an industry consultant to help with their growth. The consultant introduced them to Riviera Finance, as an alternative to their bank financing because of the flexibility a factoring line allows a business, the ability of the factoring line to increase quickly as the businesses capital needs change, and as a way to reduce their risk of bad debt. They now have a source of capital for their growing business and can rest easy knowing that if one of their retail customers were to suddenly file for bankruptcy, they won’t be hit with an unpaid invoice because Riviera takes on the credit risk of the invoices we purchase.