Lending and Finance Options for Construction Companies
For over 50 years Riviera Finance has been providing working capital to companies in the commercial construction industry. With the signing of the Infrastructure Investment and Jobs Act (IIJA) / Bipartisan Infrastructure Law (BIL), $1.2 trillion has been earmarked for construction projects throughout the U.S. But how do you take on new opportunities and projects without sufficient growth capital to cover operating costs?
Invoice factoring allows you to sell your accounts receivable for immediate cash. You no longer need to wait 30 – 60, or sometimes 90 days for your commercial customers to pay.
We know your commercial customers and will advance you cash on your invoices for completed work. We work with businesses involved in:
Maintaining healthy cash flow is one of the biggest challenges of any business. Let’s look at how you can boost your cash flow with construction factoring.
Riviera Finance works with a variety of commercial construction companies in the US and Canada to help them maintain cash flow and meet weekly business 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!
Complete the form below for a Free Consultation with one of our factoring experts.
Construction Invoice factoring is a type of funding that allows a business to receive immediate payment for invoices. When you send out invoices to your clients, you may have to wait up to 60 days for them to pay. The factoring services offered by Riviera Finance allow you to collect cash upfront by selling your invoices.
Commercial customers who require extended payment terms can put your business in a difficult financial situation. You have ongoing expenses such as payroll, equipment, insurance, taxes, and countless other business-related costs. When your cash flow is unpredictable, your ability to meet obligations may fluctuate from month to month. Furthermore, it’s hard to invest in marketing and other growth strategies. Invoice factoring is a financing tool that can free you from this uncertainty by providing you with dependable cash flow.
Most construction business owners are familiar with traditional commercial construction financing, such as bank loans. While loans are a viable way to obtain funding, there are several drawbacks to this approach. If you don’t have perfect credit or haven’t been in business for long, you may not qualify. Even if you are approved, it can take quite a while to actually receive the funds. You may also be limited by the amount of the loan you are approved for. Construction invoice factoring for vendors is an alternative that lets you avoid these issues. Here are some of the leading benefits of construction factoring:
If you’re not familiar with invoice factoring, you may be wondering how to get started. With Riviera Finance, the factoring process is simple:
Riviera forwards your invoices to your customers who pay us directly, so you don’t have to worry about collecting the payment for the invoices. We take care of the back-office work for you.
Riviera Finance is a leader in invoice factoring with more than 50 years of experience working with companies like yours. Our professional, experienced team combined with our online tools makes managing your cash flow and accounts receivable simple. Here are some of the services we offer to help you grow your business while enhancing your cash flow.
Factoring for construction providers can make a big difference in helping your business improve cash flow, meet expenses, and continue growing. To learn more about how you can benefit from commercial construction financing, contact Riviera Finance today.
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