Madison, Wisconsin

This company, referred to Riviera by a former satisfied client, first contacted us when they were applying for their trucking authority. By the time they were ready to start hauling, they had a list of approved customers to begin working with. Confident that with Riviera’s help they would have the cash flow needed to pay their drivers on time, they were able to start up with ten owner-operators. In their first month of business, the company billed out over $170K. Now they have more than doubled that and they are still growing rapidly.

This carrier had been operating for two years when she acquired ten new trucks and additional owner-operators, increasing her monthly revenue to $100,000 very quickly. With the increased business, they were overwhelmed with sending out invoices, collecting on accounts receivable, and managing cash flow. The carrier was looking for a Factor with excellent customer service, account management, and non-recourse services. They chose Riviera Finance for all of these reasons, plus liked that we had a local office, an online account management portal, and a local account management team designated to support their company’s financial needs. Because of Riviera’s quick funding on a daily basis and non-recourse factoring, the company is growing and able to take on bigger and better loads.

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.