Government Contract Financing
Government Contract Financing is an effective way to cover the operational costs associated with doing business with federal, state, and local government agencies.
How Government Contract Financing Works
Covering the costs of materials, payrolls and general overhead while waiting months to get paid on a government project can be cost-prohibitive for many small businesses. Some businesses avoid government projects altogether for this reason alone. Government Contract Financing provides a way to get the money needed to sustain your business while you perform on government projects and wait to be paid.
Our lenders will secure an assignment from the agency and provide working capital in the form of both invoice advances, as well as pre-billing advances. This covers the costs of materials and overhead while you finish the work (subject to collateral underwriting).
Benefits of Government Contract Financing
- Pursue and fulfill more frequent and larger government contracts at any agency level
- Acquire the working capital you need to begin the job, get materials to the job site, and pay your team while you complete the work
- Scalable capital structures allow you to grow quickly and take on larger projects
- Perfect credit is not required