BusinessCash is funding during the COVID-19 crisis.

government contract factoringFactors have been helping government contractors meet their working capital needs since 1998. Government PO financing programs benefit your business to succeed. Factors understand the Federal Acquisition Regulation (FAR) and dealing with government red tape. Government contract factoring is for both local, state, and federal contracts in the USA.

Factoring companies fund a broad category of industries such as IT staffing, lawn contracts, GCs, demolition, painters, concrete, HVAC, paving and site preparation companies; to name a few.

Don’t expect you will be automatically turned down if you don’t have excellent credit, have tax liens, been bankrupt or slow pays. Factors look at the creditworthiness of your government client, not your credit.

With that being said, allow us to help you work through your cash flow problems leveraging factoring programs with dynamic cash flow PO financing programs.

The majority of federal, state, and city govt entities are creditworthy, which makes them perfect for factoring. Plus they buy nearly every product and service the US has to offer.

Some government contractor tips for landing jobs and financing:

  • Bid a realistic margin. Most of the time, companies will bid much too low and only have 5-7% gross margin to get the relationship. On the next round of bidding when they raise it to 20-30-40% gross margin, they lose out on the bid.
  • Don’t give your services away. The only thing worse than no sales is selling at a loss.
  • Often you will need to prove your financial capabilities to the Government. Factors will supply you with a letter of financial capabilities to show your more than adequate invoice factoring, accounts receivable funding, or finance facility. Factors also make sure the government entity is comfortable with your working capital.
  • FAR is part of government agreements allowing for the financing of contracts. Many factors are experts in this area.

Need working capital to sell to the government today? Call (888) 400-5930 or use the fast, safe & secure online funding application.

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