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This company was in their second year of business and knew from the previous year that summer and fall were their busiest seasons. With Riviera acting as their back office and managing their accounts receivable, they are getting paid immediately upon delivery and the shipper is paying according to the terms. Being that the owners all spoke Spanish, they were happy to have Riviera’s local Spanish speaking staff there to work with them. One alternative source that could provide immediate relief is called Invoice Factoring which converts your invoices into cash.
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They came to Riviera to not only get paid sooner, but also to have us manage their accounts receivable since they didn’t have the manpower to follow-up on outstanding invoices. They were supposed to get paid in 21 days from delivery but they had unpaid invoices going back two months which had really tied up their cash flow. This transportation company had been moving a lot of loads for a single shipper. Riviera was able to provide the client with the working capital and collections services needed for them to continue their business plan. The company was able to retain the relationship with their client by referring them to Riviera since there are no obligatory long term commitments. However, he wanted to retain the relationship with this client as he felt they had potential to grow into the profile he required. Working With A Broker/No Long Term Contracts Type Of Business:Ī long time business associate of Riviera had a client who did not qualify for funding by his company. We help collect your outstanding invoices.Recent Invoice Factoring Fundings in Los Angeles, California.If approved, you receive up to 95% of the face value of your invoices in as little as 48 hours.You apply in just minutes, using our paperless, secure, online system.Fast A/R Funding changes that! With our industry-leading practices, proprietary technology, and experienced management, Fast A/R Funding offers the ideal solution to the cash flow challenges facing California’s small businesses today. Small business financing in California can be complicated. How Does Accounts Receivable Factoring Work In California? Once approved and funded, Fast A/R Funding helps your company manage its accounts receivables and its credit risk, freeing you up to focus on managing your business instead of your invoices.Fast A/R Funding offers accounts receivable factoring in California with approvals in as little as 24 hours and funding often available in 48 hours! Small business loans usually require weeks of waiting.Instead, approvals are based on your customers’ creditworthiness. Accounts receivable factoring is not based on your personal credit history or collateral like a bank loan.Why Does Accounts Receivable Factoring Work In California?Īccounts receivable factoring, (also called “factoring” or “invoice factoring”) is the most efficient, cost-effective method of small business finance available in California today, and it’s easy to see why: In California, accounts receivable factoring is the ideal solution to these challenges. With the aggressive competition and high operating costs that come with running a small business in California, most small business owners are spending increasing amounts of time managing their invoices and finding ways to cut costs. It also has some of the highest taxes in the country. Our invoice factoring company programs and services for Rialto companies will get you the cash you need and. Only a handful of invoice factoring companies can say that. Online Invoice Factoring Services In CaliforniaĬalifornia is home to over 3,000,000 small businesses. Over 40 successful years factoring invoices for companies nationwide.