Factoring for government contracts has never been more relevant with the current federal government shutdown. Private American contractors are feeling the pain of the shutdown. Businesses are closing parts of their operations and are cutting pay to their employees as the shutdown continues. The ripple effects are far-reaching most notable with defense contractors. Businesses are losing faith and increasing pessimistic with the outlook.
Government contract invoice factoring and purchase order financing help companies in times of slow payments or in this case a federal government shutdown, in or order meet their financial obligations. With invoice factoring and PO funding, you can get cash in hand in as little as 24 hours. Working capital essential to meeting payroll, paying for equipment and keeping the doors open.