Portland, Oregon

In the spring of 2012, 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 company was in their second year of business and knew from the previous year that summer and fall were their busiest seasons. They knew they needed better cash flow to keep up with the increased orders during these seasons but didn’t want to get locked into a high monthly factoring commitment that they couldn’t meet in the slower seasons. They chose to factor their invoices with Riviera Finance because of our no monthly minimums and we are happy they did!

This transportation company had been moving a lot of loads for a single shipper. They were supposed to get paid in 21 days from delivery but they had unpaid invoices going back two months which had really tied up their cash flow. They came to Riviera to not only get paid sooner, but also to have us manage their accounts receivable since they didn’t have the manpower to follow-up on outstanding invoices. Being that the owners all spoke Spanish, they were happy to have Riviera’s local Spanish-speaking staff there to work with them. With Riviera acting as their back office and managing their accounts receivable, they are getting paid immediately upon delivery and the shipper is paying according to the terms.