BasicBlock vs. Riviera Finance
Both serve freight & trucking. Here's how their published terms compare. "Not published" means we couldn't find the figure on the company's own site.
Terms side by side
| BasicBlock | Riviera Finance | |
|---|---|---|
| Advance rate | Not published | Up to 95% [source] |
| Factoring fee | Flat 2.5% or less [source] | Percent of invoice at a pre-determined rate; not published [source] |
| Recourse | Non-recourse advertised; recourse also described in FAQ [source] | Non-recourse [source] |
| Contract length | No contracts; close account any time [source] | Six-month standard term, adjustable [source] |
| Minimum volume | No monthly minimums [source] | No monthly minimums [source] |
| Funding speed | Same day by about 4pm CT if submitted before 2pm CT; Instant Pay within 1 hour [source] | Within 24 hours of receipt for verified invoices on pre-approved customers [source] |
| Fuel program | Fuel advances up to 50% of the load [source] | Fuel card at about 1,800 locations; no set-up or monthly fees [source] |
| Credit checks | Unlimited free broker checks [source] | FastCredit automated approvals 24/7/365 at no extra cost [source] |
| Founded | 2018 [source] | 1969 [source] |
| Headquarters | Lincoln, Nebraska [source] | Not published |
| Advertised features | No long-term contract, No minimum volume, Same-day funding, Fuel advances, Non-recourse | Non-recourse, No minimum volume, Free credit checks, No long-term contract |
Terms are negotiated. The only way to know what you'd pay is to get quotes for your volume and customers.
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