Bobtail 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
| Bobtail | Riviera Finance | |
|---|---|---|
| Advance rate | No reserve requirements [source] | Up to 95% [source] |
| Factoring fee | Usually 1.5%–3.5% per invoice [source] | Percent of invoice at a pre-determined rate; not published [source] |
| Recourse | Not published | Non-recourse [source] |
| Contract length | 90-day trial, then a long-term contract [source] | Six-month standard term, adjustable [source] |
| Termination fee | None if cancelled within the first 90 days [source] | Not published |
| Minimum volume | Not published | No monthly minimums [source] |
| Funding speed | Same day by 6pm ET if submitted before 11am ET, Mon–Fri [source] | Within 24 hours of receipt for verified invoices on pre-approved customers [source] |
| Fuel program | Bobtail Mastercard fleet card; fuel discounts up to $3.00/gal, avg 59¢/gal [source] | Fuel card at about 1,800 locations; no set-up or monthly fees [source] |
| Credit checks | Credit check on every broker and shipper [source] | FastCredit automated approvals 24/7/365 at no extra cost [source] |
| Founded | 2015 [source] | 1969 [source] |
| Headquarters | Silver Spring, Maryland [source] | Not published |
| Advertised features | Same-day funding, Free credit checks | 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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