Type of Business: Distribution Warehousing Provider

Factoring Line: $150,000

Location: Portland, OR

A provider of wholesale warehouse space in northern Oregon approached Riviera in January of 2004 requesting a re-activation of its factoring line. The company however had experienced diminishing margins due to increased competition in their industry, and needed a more aggressive rate structure. Within one week, Riviera had reactivated the account at an extremely competitive rate, based upon its positive experience working with the client in the past. Now, the company's margins are increasing thanks to a turnaround in demand. The company has been able to take full advantage of Riviera's factoring line to capitalize on the growth opportunity, while still preserving the benefit of healthier margins. 2005 looks to be another expansion year for the client and Riviera Finance is proud to be its financial partner.

Type of Business: Trucking Company

Factoring Line: $185,000

Location: Boise, ID

A common trucking carrier with major retail clients had been experiencing rapid growth in early 2004 and needed a financial partner to help with cash flow. With demand on the rise and subsequently mounting fuel costs, the only way for the company to acquire additional trucks and hire new drivers was to open a factoring line. Within three days of receipt of invoices and freight bills, Riviera had approved and funded the client's account. The relief in cash flow almost instantaneously increased the company's ability to fulfill more orders and haul more loads. Almost overnight, the company has expanded routes, added more customers and reaped the benefits of a record growth year for the trucking industry in the region.