Recent Funding:

Type of Business: Aerospace Component Manufacturer

Factoring Line: $350,000

Location: Vancouver, BC (Canada)

A manufacturer and supplier of patented aerospace technology approached Riviera in January of 2003 in need of cash to weather a bumpy transition period. Investors, banks, and even capital brokers had all shied away from the transaction. Within two weeks, Riviera had approved, negotiated and closed a $350,000 funding facility to help them survive as they consolidated operations and refocused their product offering. Nearly two years later, the company has stabilized, achieved interim profitability and yet still takes full advantage of their funding facility with Riviera, using it to manage customer credit, increase A/R turn rates and pay down debt. Perhaps most importantly, the company avoided having to sacrifice any equity in the process. With sales on the rise, the company looks forward to a profitable fiscal year in 2005.