Non-recourse invoice factoring
- Advance
- Up to 95% of invoice face value, depending on industry and circumstances.
- Pricing
- Fees are a predetermined percentage of invoice value; no universal numerical rate is published on these program pages. The FAQ states no start-up fee.
- Eligibility
- Verifiable receivables are required. The FAQ says new businesses can be considered, without a minimum number of operating years.
- Security
- FAQ requires first position on all accounts receivable while factoring.
- Selection and contract
- You can select invoices. Standard term is six months, adjustable to client needs; confirm renewal and termination provisions.
- Credit risk
- Provider describes non-recourse protection for customer inability to pay, including bankruptcy. Confirm exclusions for disputes, offsets and performance failures.
- Customer handling
- Invoices direct customers to Riviera for payment. Riviera provides invoice processing, collections and online account reporting.
- Timing
- Initial setup normally takes four to seven working days per FAQ. Verified invoices for approved debtors are advertised as funded within 24 hours; verification remains a condition.
- Reserve
- Obtain the actual holdback, fee deductions and release rules; an advance ceiling does not establish a universal reserve policy.
Provider sources: Program and advance details · Eligibility, security and contract FAQ · Non-recourse credit protection
