Rate Range
2-5%
Advance Rate
90-95%
Contract
Flexible — month-to-month available
Founded
1969
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Our Review
Riviera Finance is one of the oldest factoring companies in the US (founded 1969), serving multiple industries including trucking. Their decades of experience bring stability and straightforward terms, but their technology and trucking-specific features lag behind purpose-built competitors like RTS and OTR Solutions. A reliable, old-school factoring partner.
Pros
- Over 50 years in business — exceptional longevity and stability
- Flexible contract terms with no long-term commitment required
- No minimum invoice volume on most plans
- Free credit checks and collections support included
- Straightforward terms with minimal hidden fees
Cons
- Technology platform feels outdated — no modern carrier portal or mobile app
- Not exclusively focused on trucking — less industry-specific expertise
- Rates are average compared to trucking-focused competitors
- No integrated fuel card program
- Customer service is adequate but slower than modern competitors
Our Verdict
Riviera Finance is a stable, reliable factoring company with over 50 years of history and genuinely flexible contract terms. However, their lack of trucking-specific features (no fuel card, no modern mobile app, no load board integration) means trucking carriers get less value compared to purpose-built competitors like RTS or OTR Solutions. Best for carriers who prioritize stability and flexible terms over technology and industry-specific perks.
Rates & Terms
Factoring Rate
2-5%
Advance Rate
90-95%
Minimums
No minimums on most plans
Contract
Flexible — month-to-month available
Recourse factoring at 2-3.5%. Non-recourse at 4-5%. No minimum volume requirements on most plans. Flexible contract terms with month-to-month options. Advance rates are slightly lower than trucking-specialist competitors but terms are transparent.
Features
| Same-Day Funding | |
| Non-Recourse | |
| Fuel Card | |
| Free Credit Checks | |
| No Minimums | |
| No Long-Term Contract | |
| Mobile App | |
| Broker Verification | |
| Fuel Advances | |
| Collections Included |
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This review is one company. The explainer for the product, including the broker bond and why 49 CFR 377.203 is not a broker pay deadline, is the freight factoring guide.
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