The Three Most Important Financial Statements for Businesses
Financial statements reveal the overall condition of your business. They also point out its strengths and weaknesses. There…
Boise, Idaho
Invoice Factoring Office
Providing cash flow solutions and invoice factoring to businesses in Boise, Idaho and surrounding areas.
If you have a business in Boise, ID, and are looking for ways to improve cash flow, you should consider invoice factoring.
Our Services
Riviera Finance offers a variety of customized financing solutions that can help your business grow and meet its obligations. Let’s take a look at Riviera’s invoice factoring services.
Local New Business Support Team
The Riviera Advantage
Non-Recourse
We take the credit risk on all the invoices we factor
Flexible
You select which invoices to factor
Personal Service
Dedicated account team with direct contact
Get Started
Complete the form for a Free Consultation.
Idaho Invoice Factoring Services
If you need invoice factoring in the Boise, Idaho area, Riviera offers flexible solutions that can help your business’s cash flow. Here’s a quick summary of how it works:
- Deliver your products or services to customers as you normally would
- Submit invoices to Riviera
- Riviera pays you within 24 hours after the transaction is verified
- Riviera collects payment from your customers
Invoice Factoring Terms to Know
Here are a few other terms related to invoice factoring that you should know.
- Freight Bill Factoring. Transportation or freight factoring allows trucking companies to collect payment on their freight invoices and boost cash flow.
- Business Financing. Invoice factoring is a type of business financing that’s an alternative to bank loans.
- Staffing or Payroll Funding. Factoring can help you meet your payroll obligations. You don’t have to worry about gaps in your ability to meet payroll while you wait for payment from customers.
- Accounts Receivable Finance. This is another type of financing that differs from invoice factoring in that you retain ownership of your invoices. You still collect payment immediately, but you’re using the invoices as collateral.
- Small Business Funding. Factoring is often more accessible and flexible for small businesses than traditional bank financing. Even newer businesses or those with less than perfect credit can be eligible for factoring. All you need to get started are verifiable accounts receivable.
Advantages of Invoice Factoring in Idaho
There are numerous benefits for using an Idaho invoice factoring company.
- Invest in your business. Invoice factoring helps your cash flow so you can make necessary investments such as inventory, staff, marketing or other areas.
- Eliminate bad debt. You can remove bad debt risk through customer credit guarantees with non-recourse factoring
- Reduce or eliminate collections. You can cut back on resources related to collections as the factoring company handles this for you.
- Get better terms from suppliers. Many suppliers offer cash discounts, letting you save money on expenses.
- Improve your credit. Invoice factoring doesn’t create any new debt for your business.
Recent Businesses Served
WASHINGTON
IT Services
Factoring Line
$850,000
Government Contractor/Distributor – Washington
× Close
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.
COLORADO
Renewable Energy Contractor
Factoring Line
$700,000
Transportation Broker – Colorado
× Close
Established in 2005, this company needed to maximize cash flow to handle seasonal increases in load volume and a surge in new contracts. Riviera Finance quickly established a full-service factoring line that provides free credit checks and converts invoices to cash within 24 hours. The client is funded twice a week on a non-recourse basis. As a value-add, Riviera Finance prepares and mails checks to the client’s carriers.
Between April and June 2013, this client doubled its factored volume and continues to experience healthy growth.
COLORADO
Oil & Gas Service
Factoring Line
$500,000
Oil & Gas Service – Colorado
× Close
Fifteen years ago this business owner moved to the U.S. with dreams of owning his own company. After four years he made his dream a reality and created a business that provided services to oilfields. Recently, he was awarded a sizable contract that presented cash flow challenges. Riviera was able to move quickly to approve his customer’s credit and factor his invoices, providing him with working capital to keep his operations going.
Our Process
STEP 1
Apply
Complete form & become a Riviera client
STEP 2
Service
You deliver your products or services
STEP 3
Send
Send your invoices to Riviera Finance
Follow Us