Birmingham, Alabama

This new business had previously been factoring with another factoring company on a recourse basis but had issues with chargebacks when their customers did not pay after a set period of time.  They were in need of a better factoring partner and that’s when they found Riviera.  Riviera was able to offer them a $150,000 non-recourse factoring line so they could confidently take on new business customers and not worry about chargebacks negatively impacting their cash flow.

This husband and wife team had worked for a staffing company for many years and decided to go out on their own. Both had many years experience but had never owned their own company. After several rejections from banks on their loan request, they were referred to us by a former client and a loan officer from a small community bank. We were able to fund their first-ever payroll and get them up and running using their previous week’s receivables.

This plumbing contractor used to work for a nationwide company and was producing over two million dollars a year for them in revenue. After gaining several years of experience, he decided to step out on his own and specialize in a cutting edge pipe in liner method. Though saving his clients money, his lack of reliable funding left him very limited on how many clients he could service a month. Riviera Finance was able to step in and remove the limitations by factoring their invoices and maximizing their cash flow. As a result the company is once again experiencing growth.