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Contact: David DeRango, Business Development Manager dderango@rivierafinance.com Leslie Norman, Business Development Representative lnorman@rivierafinance.com 727-796-5031 Fax: 727-726-5697 101Philippe Parkway Recent Funding: Type of Business: Specialty Wholesaler Factoring Line: $350,000 Location: Orlando, FL
Increasing Sales and Productivity with Zero Debt Creation A specialty wholesaler that distributes exclusively to assisted living facilities and the health club industry was looking for a way to grow their business without creating debt. They also needed to find a way to extend large credit lines to customers without risking personal assets. Riviera offered them a way to accomplish both of these objectives. Now after factoring for over a year with Riviera, this company relocated to a state-of-the-art warehouse facility. They are on target to do $5MM in sales (versus previous $3MM in 2002), easily meeting payroll and forming a wholesale subsidiary to increase business and profit margins further. |
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