Factoring company founded in 1969 that offers non-recourse freight factoring with up to 95 percent advances, customer credit checks, collections and a fuel card, with offices across North America.
Services
Who it serves
Overview
Riviera Finance is a factoring company founded in 1969 that buys invoices from businesses in many industries, with trucking as one of its main focus areas. Its About page describes the company as nationally recognized in business financing and says it provides full-service, non-recourse factoring. Riviera works with companies in the United States and Canada.
For trucking companies, Riviera's pitch centers on taking on customer credit risk, so a carrier is not left holding a bad debt if a creditworthy customer fails to pay, along with high advance rates and back-office support.
Compare with other Factoring providers: Bobtail, Thunder Funding and Phoenix Capital Group, or see all Factoring.
Services
Riviera's freight factoring pages advertise advances of up to 95 percent of an invoice's face value, often within 24 hours of delivery and verification. When the customer pays, the carrier receives the remaining balance minus the factoring fee. Carriers choose which freight bills to finance.
Riviera describes its factoring as non-recourse and states on its site that it takes on the credit risk. Before a carrier factors invoices from a customer, Riviera checks that customer's credit. It also handles freight bill processing, collections and customized management reports.
The Riviera Finance fuel card offers discounts at about 1,800 locations, including TA, Petro, Speedway and Roady's, and is accepted at Pilot, Flying J and Love's. The site says the card has no account setup or monthly maintenance fees, and it comes with a mobile app and a 24/7 online fuel finder.
Riviera's freight pages cover trucking, 3PL warehousing and intermodal rail.
Who it is for
Riviera works with owner-operators and fleets across many segments, including dry van, flatbed, reefer, intermodal, tanker and auto hauling, and its transportation page mentions start-up trucking companies. Qualification depends on the credit of the carrier's customers rather than the carrier's own credit score.
Because Riviera puts weight on credit protection and collections, it may suit carriers that want a factor to vet customers and carry the risk of nonpayment. The site does not describe a factoring program built for freight brokers, though it runs a referral program for brokers.
How working with them works
Carriers apply online or request a free consultation. The truck factoring page lists the documents usually needed: a personal ID, a tax ID or EIN, invoices, and corporate or DBA filings, with other documents possibly requested.
After approval, the carrier hauls the load, sends the invoice to Riviera, and Riviera verifies delivery and pays the advance within 24 hours of submission and verification. Riviera then collects from the customer. The truck factoring page notes that the carrier informs its customers about the factoring arrangement, which it describes as common in transportation.
Riviera advertises no monthly minimums and no hidden fees, but it does not publish its factoring rates. Its online payout calculator lists due diligence, application and maintenance fees as possible line items without giving amounts, so carriers should ask for a full fee schedule. The site does not describe contract length or termination terms.
Questions to ask before you sign
Ask for a written definition of the non-recourse coverage. Riviera's site says it takes on the credit risk, so ask which events count as a credit loss, how disputes, claims and short pays are handled, and whether any invoices can still be charged back to you.
Ask for your actual advance rate, since the site says up to 95 percent, and how the remaining balance is paid.
Ask for every fee by name and amount, including the factoring fee, any due diligence, application or maintenance fees, and wire or ACH charges.
Ask the contract length, renewal terms, the notice needed to cancel and whether any termination fee applies, since these are not described on the site.
Confirm there are no monthly minimums, and ask whether you must factor every invoice from a customer once you start.
Ask how notice of assignment is delivered to your customers and how long new customer credit checks take.
Ask whether Riviera offers cash fuel advances at pickup, since its site describes the fuel card but not advances.
Company background
Riviera's About page says the company was founded in 1969 and lists 20 business development centers and 8 processing centers across the United States and Canada, along with 125 employees at key U.S. locations. It reports serving more than 2,000 clients and managing about 20,000 customer accounts each month.
The About page links to an executive team page but does not state a headquarters address, and the main site footer lists a toll-free number rather than a corporate address.
Sources
Information compiled from public sources. Last verified November 2026. Confirm details directly with the company.
