Rioux Capital

Rioux Capital is an Austin, TX factoring company that specializes in construction financing. We provide working capital to all kinds of construction contractors such as concrete, carpenters, ceiling, flooring, drywall, excavation, electrical, HVAC, painting, plumbing, roofing, steel erection, utilities and more. We work with sub-contractors who get paid under paid-when-paid, progress-billed or milestone payment contracts.

Rioux Capital provides funding and back office services to construction subcontractors. We prepare and submit your invoices; pay applications to your customers; provide collection services on your accounts receivables, and pay your suppliers and customers. We also obtain necessary lien releases for your construction projects.

Rioux Capital provides these construction factoring benefits:

  • Funding from $50,000 to $10 million
  • Don't require a history of profitability
  • Don't require personal pledged collateral
  • Back office support available

The construction industry is unique and we know it. We'll factor your invoices when working under contract to a large general contractor or property owner. Our Construction Factoring program lets you take on additional work without worrying how to pay your employees and suppliers.

Industries Served:

Featured Services:

24 Hour Funding:
Yes
Collection Services:
Yes
Credit Services:
Yes
Digital Invoice Processing:
Yes
Online Reporting:
Yes
Non-recourse Factoring:
No

Terms of Service:

Application and Start-up Fees:
$250-$500 depending on deal
Contract Length:
12 Months
Cancellation Fee:
90 day cancellation/termination, varies per deal
Monthly Minimum:
No
Factor All Invoices:
No
Reserve Availability:
Daily
Additional Fees:
Bank Wire Charges
Seth Turnoff of Rioux Capital
Seth Turnoff
VP Business Development
850-284-7384

General Information:

Year Founded:
2007
No. Employees:
2-10
Associations:
IFA, CFA, American Subcontractor Associaton
Address:
1250 S Capital of Texas Hwy, West Lake Hills, TX
Other Office Locations:
Boca Raton, FL

Financial Information:

Minimum Credit Facility ($):
50,000
Maximum Credit Facility ($):
10,000,000
Advance Rate (%):
75%
Other Types of Financing:
Term Loans, Equipment Leasing, Inventory Financing
1250 S Capital of Texas Hwy, West Lake Hills, TX