Non-Recourse Accounts Receivable Financing and Government Contracts
Many businesses view government contracts as fantastic opportunities. This is because the government is very likely to pay for any job they contract out. This includes local, state and federal government contracts. They can be a challenge at the same time. Often these government contracts can require a large amount of cash to start the job. This is due to the labor needs, payroll. As well as raw material or other expenses that can be a problem for working capital. Government contract financing can be a very effective way for companies to...
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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...
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Check out these great tips on government contracts and being successful: Having a large enough margin is essential in closing the deal. Too many times someone will bid only 5-7% gross margin and believe this will get them the job. On the next round of bidding when they have raised it to 20-40% gross margin they end up losing the bid. Don’t give your services and products away. There is only one thing worse than no sales and that’s selling at a loss. Often times you will need to show your financial capabilities to the Government...
read moreGovernment PO Financing for Contractors
BusinessCash has been helping government contractors meet their working capital needs since 1998. Our government PO financing programs help your business succeed. BusinessCash 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. We fund a large variety of industry such as IT staffing, lawn contracts, GCs, demolition, painters, concrete, HVAC, paving and site preparation companies; just to name a few. Don’t assume...
read moreGovernment Invoice Factoring
Having the proper cash flow for your business is more important than ever. Especially when you are working under a government contract. Pay times are becoming slower and slower based on the sequester and other reasons. Financing for government contracts become an essential element of doing business. Government invoice factoring, receivable factoring, purchase order financing, letters of credit and supplier guarantees can make or break your business. According to Defensenews.com, the Department of Defense (DoD) has slowed-down payments to...
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