Midland, Texas

This business had been operating for one year providing mechanic service for oil rigs. They have contracts with some of the largest drilling rig fleets which require 30 – 60 day payment terms. The company needed a cash flow solution in order to make regular payroll. Fortunately, they were referred to Riviera and we were able to get them set-up quickly so that their operations could run smoothly and continue to grow at a rapid rate. They are now on track to double their monthly volume.

A young company in the renewable energy field found themselves in a cash flow predicament. They provide specialized maintenance services for wind turbines and as business opportunities were increasing, so was their payroll. They needed to bridge the gap between billing for completed work and receiving payment 30-60 days later in order to cover their regular payroll. Another client referred them to Riviera and they now have a $250,000 factoring line to provide them the working capital they need to continue growing their business.

A local delivery service had reached their credit limit with their bank. The bank refused to raise the limit so that the company could grow so they turned to Riviera. We worked with the bank to come up with a plan for Riviera to provide the company with the needed credit for future growth. Now, the company is able to expand and prosper without worrying about credit limit restraints. In addition, Riviera’s Online Account Management (ROAM) service has helped the company to keep a firm handle on their customers down to each invoice.