Cash Flow Support for Companies in the Wildfire Support Industry
Riviera Finance has a long, successful history providing working capital to companies in the Wildfire Support industry. Wildfire seasons are becoming longer and more intense. For the companies providing critical support services, this means a surge in demand, but it also often means waiting 30, 60, or even 90 days to be paid for services. This is where factoring services can be a game-changer.
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 customers to pay.
Riviera Finance 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 Wildfire Support factoring services.
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!
Complete the form for a Free Consultation.
Wildfire Support 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.
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.
When most business owners think of funding options, they think of traditional loans. However, loans can be difficult to qualify for, have a lengthy application process, and leave your business with debt. You may also be limited by the amount of the loan you are approved for. Invoice factoring for Wildfire Support vendors is an alternative that lets you avoid these issues.
Here are some of the leading benefits of factoring with Riviera Finance for Wildfire Support Businesses:
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.
Financing options for companies in the Wildfire Support industry can make a big difference in helping improve cash flow, meet expenses, and continue growing. To learn more about how you can benefit from Wildfire Support factoring services, contact Riviera Finance today.
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This healthcare staffing business had been operating for a year and was looking to increase working capital to support rapid growth. Initially, they got an MCA loan. The decision caused a reduction in working capital because of high monthly payments and hindered their growth.
Their accountant suggested Riviera to support their working capital needs and future growth with Accounts Receivable Factoring. Riviera Finance was able to payoff the existing loan and provide needed working capital to meet their growing payroll.
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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 which 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, this client doubled its factored volume and continues to experience healthy growth.
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A specialty wholesaler that distributes exclusively to assisted living facilities and the health club industry was looking for a way to grow their business without creating debt. They also needed to find a way to extend large credit lines to customers without risking personal assets. Riviera offered them a way to accomplish both of these objectives. Now after factoring for over a year with Riviera, this company relocated to a state-of-the-art warehouse facility. They are on target to do $5MM in sales, easily meeting payroll and forming a wholesale subsidiary to increase business and profit margins further.
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