This is important because once the invoices are factored the credit risk of the account debtors (the business’ invoiced customers) stays with Riviera. We also like that they offer non recourse factoring. This should tell prospective small businesses something about their operations. We really like that the Riviera Finance has been accounts receivable factoring since 1969. Reading through the Glassdoor employee reviews, the employees (current and former) of Riviera Finance appear to have generally good things to say about their experiences working there which we find provides important insight into the type of operation an invoice factoring company runs. 3 Riviera Finance does not factor receivables for the medical or construction industries. 2 CH Robinson is a Minnesota-based major transportation company and Fortune 500 member. Further, they are a CH Robinson approved factoring company (as of June 24, 2016), which only adds to their credibility. The company offers invoice factoring services for a variety of industries including but it seems its focus is in the transportation industry (trucking specifically) given the depth of services they offer trucking companies including freight bill factoring. Riviera Finance is a member of the IFA, International Factoring Association. They offer invoice financing customers the ability to monitor their account information online, 24 hours a day, seven days a week, with their ROAM receivables management system. Riviera Finance’s accounts receivable management services might be their most distinguishing factor. Given the amount of transportation business in Canada (mainly trucking of natural resources but also import-export from ships crossing the Great Lakes) this appears to be a smart move for Riviera as they expand further into international markets like other invoice factoring companies, such as Bibby Financial Services.
The factoring company is even looking for a bilingual accounts receivable factoring representative to serve the French speaking population, according to Glassdoor. Riviera Finance is apparently further into Eastern Canada (they have an office in Toronto but are hiring for a Quebec office). They also have a handful of international offices.
Although headquartered in California, they have offices all over the United States including major invoice factoring cities such as Seattle, Dallas, Atlanta and Miami, Florida. Riviera Finance is an invoice factoring company that has served over 1200 clients and manages 20,000 customer accounts per month. The lower level of this range provides a viable small business funding option to companies that wouldn’t qualify for a business line of credit at a bank because of a lack or profitability. Riviera Finance provides invoice financing and other types of asset based lending for small to medium-sized businesses with annual revenues of anywhere between $50,000 and $20,000,000. According to Riviera Finance, their credit services can provide instant credit approvals online. The specific services that fall under these categories are invoice factoring, credit services and factoring receivables management. They offer what they call a full-service invoice factoring service which includes Finance, Credit Services and Receivables Management. Riviera Finance has been in business since 1969. No invoice factoring for Medical or Construction industries.Riviera Finance Headquarters: Redondo Beach, CA.Invoice Factoring Company: Riviera FinanceĬheck out the Riviera Reviews page. Small Business Line of Credit: You’ve Arrived.Industrial and Commercial Bank of China.Security Service Federal Credit Union Reviews.
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