New Credit Tool Indicates Growth for Small Business

REDONDO BEACH, Calif., Aug. 10 /PRNewswire/ -- Riviera Finance, a national invoice factoring company, continues to see signs of small business recovery in 2010.

Last year, Riviera launched FastCredit, a free factoring credit service tool which their clients can use to obtain credit approval on potential new customers.  This credit service was an immediate success, and has provided small businesses with over 150,000 credit approvals so far in 2010 alone.  The figure represents a 35% increase over 2009, yet another strong indicator that small business continues to grow healthy new roots throughout many industry segments.

Invoice factoring, Riviera's primary service, is a small business funding program that gives companies cash for their accounts receivable, improving their cash flow and thereby providing working capital for them to expand.

Riviera VP of Operations, Mike Bartels, offers, "FastCredit is proving to be an extremely effective factoring credit service for our clients in many industries, including transportation, staffing, and business services. The beauty of the product is that our clients are able to obtain an automated credit approval 24/7.  The feature allows them to instantaneously commit to a new customer knowing that we approved the credit and, under our non-recourse factoring program, we assume the credit risk."  In short, this means that Riviera's clients get the money for their invoices even if their customers cannot pay Riviera.

For additional information on Riviera Finance and a free FastCredit trial, visit www.rivierafinance.com/fastcredit.asp  

About Riviera Finance:  Founded in 1969, Riviera Finance is a nationally-recognized leader in the small business finance industry.  As the experts in accounts receivable finance, Riviera Finance maintains 16 offices throughout North America including eight business service centers strategically located to provide face-to-face service and expert financial solutions to small and medium-sized businesses. Riviera holds the highest credit rating in the industry, has shown consistent, positive earnings, and maintains a diversified, solid capital base.  For more information, visit www.rivierafinance.com.

SOURCE Riviera Finance