Unlock Cash In Your Outstanding Invoices
Are you looking to unlock cash in your outstanding invoices? Waiting 30, 60 or 90 days for your customers to pay can really put a strain on your freight business. Riviera Finance is here to help. With immediate cash for your freight bills, you can not only run your business, you can grow it. Plus, when you factor with Riviera, you receive service from our top-rated support team.
Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.
Our process is built around immediate response to client needs, and the best cash turn around in the industry.
Receive Credit Checks on Your Customers
Competitive Rates and No Hidden Fees
No Debt is Created
Riviera takes on all the credit risk!
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Businesses in the trucking, transportation, and freight industry often experience cash flow issues due to their customers requiring Net 30-60 payment terms. Freight companies can’t wait weeks for payment when they need to pay for fuel, cover payroll, and other business expenses. Freight factoring is a type of financing that can help transportation companies get paid at the completion of service and improve their cash flow. We also offer the following types of factoring for the freight industry
Freight factoring, a type of invoice factoring, involves selling your unpaid freight invoices to a factoring company. Rather than having to wait for your customer to pay an invoice, you get an immediate cash advance. Freight companies, including trucking, 3PL warehousing, and intermodal rail can use factoring to unlock capital, which can be used for overhead expenses including fuel, employees, maintaining vehicles, and other purposes.
Factoring involves three parties: your trucking company, your customers, and the factoring company. Here are the steps involved in factoring freight invoices to get your business the working capital it needs to fund your business forward.
If you have a business in the trucking and freight industry and have clients who pay on terms, you can most likely benefit from freight factoring. Rivera Finance factors Owner-Operators and fleets across the trucking industry spectrum, including:
Freight Factoring Success Story
There are several benefits of freight factoring for trucking and freight companies. Here are a few of the most common benefits.
Fuel Discounts – Substantial savings at TA and Petro, Speedway, Roady’s & many other locations nationwide
100% Transparency – No account set-up fees or monthly maintenance fees, and low transaction fees
Mobile App / Online Resources – 24/7 Access to Fuel Finder Tool and Online Resources
Universally Accepted – Accepted nationwide at all major chains including Pilot, Flying J & Love’s
To apply for factoring with Riviera Finance, you will need to provide certain documentation, including:
Freight Factoring with Riviera Finance is Different
You built your business, we help it grow. There are several reasons trucking and freight companies work with Riviera Finance. We streamline your payments, so you have the fast funding you need to manage and grow your trucking business.
Ready to get started? Our team moves quickly so that you can get the cash you need to keep growing your business. Apply Now.
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