For Borrowers · § 01 / 05 · The path through River

How a facility comes together.

Five stages from first conversation to live capital: intake, diligence, legal structuring, onboarding, and lifecycle. The entire path is run by our desk and institutional partners who handle warehouse facilities at scale.

Step 01 · Intake

Initial qualification & program fit.

Assessment.: The process begins with an assessment of the borrower's business model, financing objectives, and underlying asset classes (e.g. receivables, consumer loans).
Ideal profile.: River looks for partners with established lenders or platforms that demonstrate strong underwriting practices and a stable performance history.
Tailored facility design.: Facilities are customized to support diverse use cases, including embedded lending, payments, or consumer loans.

Step 02 · Diligence

Due diligence & credit proposal.

Independent underwriting.: Our risk team conducts a full diligence process modeled on institutional credit standards. This includes review of portfolio data, financial statements, and servicing practices.
Term-sheet delivery.: A proposed facility is outlined through advance rates, interest terms, limits, and covenants.
Capital advantage.: River can offer enhanced flexibility and pricing compared to legacy financing sources.

Step 03 · Structuring

Legal structuring & risk mitigation.

SPV structure.: A dedicated Special Purpose Vehicle is established to isolate credit risk and hold loan assets, aligning with conventional warehouse-facility practices.
Documentation.: Documentation and security interest are drafted and signed to ensure contractual cash flow of the assets is held in the SPV. Trustees, backup servicers, verification agents, and calculation agents are engaged. River works with market-leading structured-credit law firms drafting all documentation.
Safeguards.: Facilities include internal risk ratings and capital reserves to manage exposure from day one.

Step 04 · Onboarding

Onboarding & capital access.

Operational integration.: Coordination with treasury and legal teams ensures a clear, compliant fiat onboarding experience.
Drawdown process.: Capital requests can be submitted via email, portal, or API. Funds are deployed in fiat, typically within minutes or hours.
Workflow integration.: Facilities can be embedded into borrower infrastructure to support real-time financing during asset origination.

Step 05 · Lifecycle

Repayment & lifecycle management.

Standard repayment rails.: Payments are made in fiat using standard rails (e.g. wire, ACH). Balances update automatically through the platform.
Revolving structures.: Most facilities are structured to allow redraws, offering borrowers flexibility in managing capital cycles.
Ongoing adaptation.: Portfolio analytics and facility terms can evolve over time to reflect changes in business scale or strategy.