$250,000

First, the business is located in Mexico and all the owners are residents of Mexico.  This makes getting a personal guarantee of any meaning next to impossible.  In this case the business opened a US office to sell their products and it is through this US office that we were able to get a handle on the client's invoices.

In addition, the client was buying the assets of this company from a bankrupt US company that had a previous financing relationship with two other commercial finance companies here in the US.  Because of this, Riviera had to negotiate directly with them to clarify the collateral position of the previous finance companies and obtain a subordination from one of them as it related to the receivables.  Any other finance company in the US other than Riviera would have walked away from this deal, given all the complexities and cross border issues.  Instead, Riviera and its team of professionals was able to navigate through the paper storm and structure a doable deal.