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.