FactoringDepot is now part of Corporate Finance New York. Factoring for Government contracts and contractors. How can FactoringDepot help fund your government contracts?
The process usually starts with you receiving word from the government that you’re the winning bidder. You become excited, your heart races, you pump your fist, then reality smacks you straight in the face. Once again, you become excited, your heart races, but there is no pumping of the fist. It just hit you that now you need to figure out how you are going to fulfill the contract, be it providing a service, parts, supplies, or whatever. Will my suppliers work with me and give me the terms I need until I can get paid? How will I meet payroll? These and other questions, usually all related to cash flow issues surrounding the completion of the contract, run through your head.
We are here to alleviate those concerns. Our team has been helping businesses like yours fulfill government contracts over the years. We can help you fund the project in a variety of ways including factoring and purchase order funding options. Our team can say yes with a solution that can help you fulfill that new contract, even if your bank or other lenders have turned you away.
What can we do that other lenders can’t? In many cases, depending on the contract, we can advance funds or guarantee payments to suppliers, so they are more willing to work with you. We can fund your invoice to the government when work is complete, providing you with the cash you need to meet the obligations incurred in satisfying the contract. We have the ability to wait for the government to pay.
We have the knowledge and expertise to help guide you through the successful completion of your contract and to receive payment from them in a timely manner.1 (800) 608-0530 START THE FUNDING PROCESS