Government invoice factoring helps finance government contracts. This can benefit government contracting firms with sluggish payment or cash flow issues. Government invoice factoring allows you to expand your business by funding government receivables in 24-48 hours instead of 60-90 days.
We offer customized government receivables finance to help you maximize your company potential. Government invoice factoring includes selling unpaid invoices to a third party at a discount to get cash. This can help firms meet their financial responsibilities and flourish while waiting for government payments.
If you are a business owner contemplating federal invoice factoring or other financing alternatives to support your firm while working on government contracts, it may be good to consult with an invoice finance and factoring company to examine your choices and find a solution that matches your needs.
Our government contracts finance and factoring services help firms grow. Government contracts can boost business development. Government invoice factoring allows you to expand your business by funding government receivables in 24-48 hours instead of 60-90 days. Government contracts finance and factoring services can help firms fulfill their financial responsibilities and engage in steady growth while waiting for government reimbursement.
Our two options will help you secure the necessary capital your obligations.
Invoice financing uses outstanding accounts receivables to provide immediate funding to your business instead of waiting 30-90 days for government payment. Through this simple process, we help you sell outstanding bills for funding up to 92 percent of invoice value within 24-48 hours; and, when the government pays 30-90 days later, you will receive the remaining balance minus a small service fee.
Fee structure typically looks like:
- 1% -1.5% of invoice amount per 30 days +/-depending on risk, workload, and volume.
- Up to 92% invoice advance rate to staffing companies
- Up to 85% invoice advance rate on all other types of companies except staffing
Through asset-based lending, your company can use your assets, including accounts receivables, listings, machinery, and equipment, as collateral to secure a revolving line of credit to meet your current financial obligations.
Cost is typically structured as an Annual Percentage Rate (APR) based on amount borrowed that’s outstanding
- Up to 85% AR advance rate
- Up to 50% advance rate of inventory costs, capped 1:1 of total AR availability
In order to assist businesses in managing their cash flow and fulfilling their contractual commitments while working on government contracts, our firm offers financing for government accounts receivable. Government contracts may be a fantastic source of expansion and income for companies, but they can also present difficulties like long payment cycles. Instead of waiting the customary 60-90 days, we may finance your unpaid invoices by offering government invoice factoring service within 24-48 hours, allowing you to expand your business. Even if they are awaiting payment from the government, businesses may nevertheless meet their responsibilities and make investments in development with the help of finance for government accounts receivable. For government contracts, this sort of finance may be in the form of invoice factoring or financing.
We are committed to helping your business confidently tender on more government contracts and deliver on the promises outlined in those contract.
We understand the challenges of government contracts and the upfront and ongoing expenses. We help structure your financing to make sense for your business.
When you need capital to keep your business moving forward, you can’t wait months for payments on invoices. Our financing moves at the speed of your business, giving you the capital you need today.
We're experts in government contract financing and make our decisions quickly, so you always know who to contact when you have questions about your loan or securing more funds.
Our extensive experience in the government contracting sector helps you obtain the cash flow you need to successfully grow and secure future contracts.
Government contracts may be a tremendous source of development and income for businesses, but they can also come with problems, such the up-front expenses of bidding and completing the work. Our organization is able to provide government contracts funding to assist businesses perform on their government contracts. Instead of waiting the customary 60-90 days, we may finance your unpaid invoices by offering government invoice factoring service within 24-48 hours, allowing you to expand your business.
Even though they are awaiting payment from the government, firms may still meet their financial responsibilities and make investments in growth by using invoice finance or factoring for government contracts. Payroll, supplies, and a variety of other operational expenditures for running a firm can all be paid for using this kind of finance.
Examining other financing options like invoice financing or invoice factoring might be beneficial if a bank is hesitant to fund a government contract that a firm has been granted. Even as they are awaiting payment from the government, these forms of financing may give businesses the operational money they require to satisfy their debt commitments and make investments in expansion.
It may be beneficial to consult with a company that specializes in these sorts of services to examine your choices if you are a business owner who is exploring government contracts finance to assist your company while working on government contracts. Discussing any active credit lines, open commercial contracts, or other supplier issues that could have an impact on the financing of accounts receivable may also be beneficial.
