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Riviera Finance invoice factoring review

This nonrecourse factoring company has over 50 years of experience — but it isn't transparent about fees.

Bottom line: Riviera Finance is a nonrecourse factoring company with the option to apply online or in person. But it doesn’t offer advances over $2 million and doesn’t disclose fees on its website. Read our full review or get our 30-second take.


Min. Amount$100,000
Max. Amount$2,000,000
Loan TermTypically 6 months
RequirementsAt least $10,000 in unpaid invoices due from other businesses or government agencies


  • Nonrecourse factoring available
  • Advance rates as high as 95%
  • Receive funds as soon as 24 hours after submitting invoices
  • Live chat on website


  • Only offers advances up to $2 million
  • Doesn’t disclose fees online
  • No option for recourse factoring
  • Typically requires six-month commitment

Our take on Riviera Finance

Riviera Finance’s nonrecourse factoring is best for business-facing companies that prefer to work with a traditional factor but need funding quickly. This factor company has over 25 offices across the US and Canada, but can also send funds to your account in as little as 24 hours after submitting your invoices. And you can receive up to 95% of your unpaid invoice’s value, under $2 million.

It’s one of the few factoring companies that specializes in nonrecourse factoring, where the factor covers the cost of any invoices your clients fail to pay on time. But it doesn’t offer recourse factoring, which is usually often less expensive. And you’ll need to reach out for a quote since it doesn’t disclose rates online.

Riviera Finance doesn't publish its factor fees and terms

You won't find Riviera Finance's factor fees or terms on its website. Typically, invoice factoring comes with a fee of around 1% to 3% per month. But nonrecourse factoring is often more expensive, and fees can reach 5% or higher in some cases.

Nonrecourse factoring doesn’t typically come with a term — Riviera Finance absorbs the cost if your clients don’t pay. But you’re required to sign up for at least six months of factoring in most cases.

How Riviera Finance compares to other providers

Here’s how Riviera Finance stands up to two other providers that offer advances on unpaid invoices: FundThrough and BlueVine.

FundThrough offers invoice factoring and financing as high as $10,000,000 with advance rates as high as 100% — less a fee of 2.5% to 5% in total. It’s fully automated, so it may have a faster turnaround than Riviera Finance. But it only works with businesses that use eligible accounting software.

BlueVine also offers online invoice factoring as high as $5 million with a fee of 0.25% per week your clients take to fill their invoices. You can receive your funds within hours of making a request after your account is set up. But it only offers advance rates up to 90% of your invoice’s value.

Not yet rated

Find out more

Loan amount

$100,000 to $2,000,000


Loan term

Typically 6 months


At least $10,000 in unpaid invoices due from other businesses or government agencies


Finder Rating: 4.5 / 5

Find out more

Loan amount

$500 to $10,000,000


Not applicable

Loan term

1 to 3 months


Regularly receives invoices due within 30 to 90 days.

Riviera Finance reviews and complaints

BBB accredited No
BBB rating A+
Trustpilot Score 3.7 out of 5 stars, based on 1 customer reviews
Customer reviews verified as of 30 July 2021

Riviera Finance hardly has any online reviews on sites like Trustpilot or the Better Business Bureau (BBB), which is common for factoring companies. Instead of relying on reviews, reach out to other business owners in your industry to learn about their experiences with this provider before you apply.

How to qualify

You can likely qualify for Riviera Financing invoice factoring if your business has at least $10,000 in unpaid invoices from other businesses or government contracts. 

Riviera works with startups and doesn’t check your personal credit. But factoring companies often check your client’s credit instead. Since it offers nonrecourse factoring, it’s possible you could have trouble getting approved if your clients have made late payments in the past.

Advances can be disbursed within 24 hours of verifying your work

Riviera Finance factoring works by giving your business access to a line of credit, which you can draw from as needed. First, your business sets up an account by filling out an application online, over the phone or in person at one of Riviera Finance’s offices. If approved, Riviera will give your business access to a credit limit.

When your account is set up, you can send your invoices directly to Riviera Finance as they come in. After receiving your invoices, Riviera Finance verifies that you completed the work and sends the advance to your bank account, typically within 24 hours. From there, Riviera Finance collects payment and reimburses you any extra costs, less the fee.

If a customer fails to pay, Riviera Finance will absorb the cost. Riviera Finance typically requires businesses to use their factoring line of credit for at least six months.

Nonrecourse factoring sets it apart

Riviera Finance’s specialization in nonrecourse factoring sets it apart from other factoring companies. It’s the only company I’ve reviewed that only offers this option, which is typically much riskier for the factoring company than recourse factoring. 

It’s also fast for a factoring company that’s been around for over 50 years. Most factoring companies of that age have been slow to offer online applications, and many take several days to fund. But Riviera Finance offers online applications without sacrificing traditional, in-person support. And it funds your invoices within 24 hours of receiving them.

Is Riviera Finance legit?

Yes, Riviera Finance is a legitimate factoring company. Founded in 1969, Riviera Finance currently serves around 1,400 small and midsize businesses across the US and Canada. It has over 30 offices across North America and accepts applications from businesses in all 50 states. 

See how Riviera Finance compares to other factoring companies before you apply.

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