About Factoring

Factoring offers smaller companies the instant cash advantage that was once available only to large companies with high sales volumes. With factoring, there's no need for credit or collection departments, and no need to spend your profits on maintaining accounts receivables.

Here's how it works:

Riviera Finance, a factoring company, purchases a business's commercial accounts receivable, then advances the cash to fund the business. It's that simple. This enables the business to have immediate access to the cash, without needing to wait 30 to 60 days to be paid by its customer. Advances up to 95% of the invoice face value are available, and credit limits from $10,000 to $1,000,000 make factoring a solid alternative for small and medium-sized businesses alike.

Factoring enables a business to offer credit terms that many larger customers demand, without the worries or interruption of cash flow. Plus, a full service factoring company like Riviera also functions as its clients' accounts receivable department, handling credit reviews, invoice mailing and processing, and providing full collection services, accounting and reporting.

Riviera's clients have found that factoring allows them to meet the daily cash flow demands of running a business, as well as reinvest in their company to increase profits. Whether it's taking advantage of supplier discounts, covering payroll, purchasing inventory or funding marketing efforts, factoring gives the business back the cash it needs to run efficiently.

Apply Now online or call toll free (800) 872-7484 to apply over the phone.