Contractor Funding &
Back Office Support Specialists
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Accelerating Cash Flow by Funding Pay Applications
Growing your contracting business is tough especially when you have to wait 30-45-60+ days to get paid. Our construction factoring program is simple – we advance funds to you at the time you submit your payment application to your general contractor / owner. You get the cash upfront to pay employees and suppliers and we wait to get paid. Our program gives you the ability to take on additional work without having to worry about having enough cash on hand to pay employees and suppliers.
When others say no, we say yes:
We Work Successfully with Construction Subcontractors
Providing Back Office Support Services to Save Time and Money
Stop wasting time and money on your back office and spend more time on projects to grow your contracting business by outsourcing your back office operations to us.
One of the key factors in assuring prompt payment is to evaluate the credit and reputation of the general contractor or construction manager with which you are about to contract with. The process should start before you decide to bid.
The groundwork for prompt payment must begin prior to the award of a contract. It is all too easy for an unscrupulous general contractor or construction manager to hide behind unfair payment terms and to answer your please by telling you to “read your contract.
Lien laws vary from state to state. The basic principle behind these laws is that construction subcontractors have security interest in the real property being improved. At the same time, lien laws impose specific notice provisions that must be complied with to establish a valid lien.
“Rioux Capital’s financing gave us the working capital we needed to hire additional employees and take on additional work. We will more than double the size of our business this year."
Houston B. – Drywall Subcontractor