Temporary Staffing Company

$1,000,000
As happens more and more these days, the broker that brought us this deal was actually a friendly competitor that for certain reasons was not able to get comfortable with this transaction.  The trend of paying a commission to other factoring companies as if they were a broker is now well established.

The client in this case had a large contract, valued at over $1,000,000 per month, to provide a heavy industry labor force to a marine manufacturing company.  The main issue with this account was that our client was not a large company and was going to need what amounted to a $1,500,000 credit limit concentrated with one customer (debtor).  Normally this kind of credit limit and concentration will eliminate 99% of the funding sources out there, but not Riviera.

After screening the credit of the customer (debtor), we arrived at a comfort level because we have confidence in the ability of our staff to monitor payment and credit trends on this debtor and to obtain written verifications for the invoices.  This account has been a star performer and the liquidity Riviera supplied allowed this small client to grown dramatically in the space of three weeks!