Riviera Finance, aninvoice factoringcompany which works with small- to medium-sized businesses across the U.S., has seen encouraging numbers in the first two quarters of 2011.

Demonstrating sustained client growth, Riviera Finance's total factoring volume is up 27% compared to 2010. SinceJanuary 2011, average daily volumes for Riviera Finance have shown a full 33% improvement.

Tom Smith, Vice President at Riviera, elaborates, "Our method of funding seems especially appropriate in this business climate. Customers are taking longer to pay, suppliers demand cash, and small companies find themselves squeezed for working capital when orders increase. Our no-nonsense program of maximum advances and immediate turnaround is exactly what they need."

Businesses seeking cash can find a quick and easy solution to their needs withinvoice factoring, a service where a company can sell its accounts receivable invoices to a factoring company which then provides them with immediate funds. The influx of cash createsworking capital for growth, and unlike bank loans, does not incur debt or require a lengthy (and often futile) application process. With certain factors, like Riviera, factoring is done on what are known as nonrecourse terms, meaning that the company can keep the money it receives from selling its invoices, even if its clients default and cannot repay the factoring company. This credit protection is especially valuable in the current climate where bankrupt.