Miami, Florida

A distributor of porcelain tile needed financing to cover operating expenses and buy more inventory in order to fulfill their growing customer orders. Being that they were in their first year of business, the banks would not even consider them. Fortunately, they found Riviera and were able to utilize invoice factoring to generate immediate working capital. Due to the nature of their business, their monthly accounts receivable are not constant, so they really liked the fact that Riviera’s invoice factoring program has no monthly minimums and is very flexible, so they are able to use it when they need it.

This Miami-based trucking company was eager to expand, but was having difficult generating capital quickly enough to bankroll their need for new equipment. They had several excellent accounts, all of which were paying more slowly than they would have liked. Riviera was able to factor all of their accounts, greatly improving their cash flow in the process, and the company was able to purchase four new refrigerated trucks. Since then, their monthly sales volume has tripled.

This security company received a large contract for a construction site. They had several security guards on payroll and had to wait 30 days for their customer, a large utility construction company, to pay. Fortunately, this business owner found Riviera and was able to get payment on his outstanding accounts receivable to cover his payroll. He chose Riviera because of our local office, reputation, and Spanish-speaking staff. They are now able to confidently take on large contracts knowing they can fund their payroll.