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Providing cash flow solutions to businesses throughout: MA, RI, NH, ME, VT, CT, NY Bob O'Connor, Business Development Manager roconnor@rivierafinance.com Erin O'Connor, Business Development Representative eoconnor@rivierafinance.com 781-235-0996 Fax: 781-235-1136 25 Walnut Street Recent Funding:
Type of Business: Staffing Company Factoring Line: $500,000 Location: Boston, MA
Riviera says "Yes" when banks say "No" This female-owned staffing company was originally funded by Riviera in August 2003. After helping them reestablish their credit the company was able to obtain a bank line of credit for $200,000.00. Fortunately her business continued to grow to the point that she needed the bank increase her line by an additional $100,000.00. But the bank would only agree to increase the line by $35,000.00. She called and asked if we would take her back and give her a $500,000.00 line. We agreed and welcomed her back in July 2005. She now has the ability to grow as fast as she wants and has the comfort that if she needs a higher line we can provide it for her. |
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