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. 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. CA Invoice Factoring We help California businesses experiencing outstanding accounts receivables get business funding quickly instead of waiting on funds.
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. Nobody knows your business better than you do, which is why we tailor our services to fit your unique cash flow needs. Contact us to find out who the best invoice factoring companies are and how invoice factoring can assist in the growth of your business 71.
#INVOICE FACTORING SERVICES CALIFORNIA FULL#
Our factoring fee is taken from the initial funding of the transaction, so you can expect to receive the full reserve once your customer pays for your goods or services.Recent Invoice Factoring Fundings in Los Angeles, California How does invoice factoring work You send us a copy of the invoice you want to finance We deposit the advance to your bank account. Since inception in 2010, we have been serving Huntington Beach and arranging invoice factoring services for our clients in California and across the United States. Once we receive payment from your customers, we send you the remaining balance, the reserve, which is the original 10% to 25% that was withheld from initial funding. With cash in hand, you can get back to running your business. Our financing team can help you solve your. When factoring, we purchase your accounts receivable and immediately advance up to 90% of the money owed by your eligible customers. Our invoice factoring solutions are ideal for companies in all sectors of oil and gas exploration and production. We fund based on the value of your accounts receivable and not on prior profitability or the strength of the balance sheet. Finance your insured foreign accounts receivableĪccord focuses on the credit quality of your customers instead of the company’s financial history.Focus on your business, not on chasing your customers to pay on time Why wait 30, 60, or even 90 days for your customers to pay you We can help turn invoices into cash with accounts receivable.Take advantage of discounts and special buys offered by your suppliers.Thrive even with large customer concentrations.Extend payment terms to your good customers.Grow at your pace with a credit line that grows with your sales.Access funds with a flexible facility and without restrictive covenants One alternative source that could provide immediate relief is called Invoice Factoring which converts your invoices into cash.
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