What does Riviera Finance do?
Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. We are the experts in invoice factoring and accounts receivable management.
What is an invoice factoring company?
What is invoice factoring? Technically, invoice factoring is not a loan. Rather, you sell your invoices at a discount to a factoring company in exchange for a lump sum of cash. The factoring company then owns the invoices and gets paid when it collects from your customers, typically in 30 to 90 days.
What is a factoring firm?
A factoring company is a company that provides invoice factoring services, which involves buying a business's unpaid invoices at a discount. The business is advanced a percentage of the invoice, say 85%, within a few days, and the factoring company takes ownership of the invoice and the payment process.