Charter Capital vs. Riviera Finance
Both serve freight & trucking and staffing agencies and oil & gas and manufacturing and security guard services. 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
| Charter Capital | Riviera Finance | |
|---|---|---|
| Advance rate | Typically 90%, up to 98% [source] | Up to 95% [source] |
| Factoring fee | From 1%; most clients 1%–3% [source] | Percent of invoice at a pre-determined rate; not published [source] |
| Recourse | Not published | Non-recourse [source] |
| Contract length | No long-term contracts [source] | Six-month standard term, adjustable [source] |
| Termination fee | Termination on notice (no lock-in penalty advertised) [source] | Not published |
| Minimum volume | No minimum invoice volume [source] | No monthly minimums [source] |
| Funding speed | Same day once set up; pricing within 24 hours [source] | Within 24 hours of receipt for verified invoices on pre-approved customers [source] |
| Fuel program | Fuel card for carriers (not offered in California) [source] | Fuel card at about 1,800 locations; no set-up or monthly fees [source] |
| Credit checks | Free credit reports on customers [source] | FastCredit automated approvals 24/7/365 at no extra cost [source] |
| Founded | 2001 [source] | 1969 [source] |
| Headquarters | Bellaire (Greater Houston), Texas [source] | Not published |
| Advertised features | No long-term contract, Same-day funding, No minimum volume, 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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