In today's economy 30 to 90-day pay terms are standard. These long pay terms can create "Cash Flow Stress" to growing companies.
Our specially designed Factoring Lines can ease your stress by allowing you to access the capital that is tied up in your accounts receivables. What’s more, Set-up is as easy as 1-2-3.
Working with the government offers many benefits, including quality contracts, consistent projects and potentially big profits.
Unfortunately, as a government contractor, it can be expensive to bid on, much less complete, available projects. Many government contractors are required to purchase materials, possess the necessary equipment and employ quality individuals before ever obtaining a contract to do work. These costs can quickly add up.
Adding to the challenging of operating as a government contractor are the lengthy pay terms often associated with governmental projects. In many cases, you may be left waiting weeks or months for payment, even after your work has been completed.
These delays in payment can lead to significant financial strain for even the most established government contractors; when you've already spent thousands of dollars on a project and are forced to wait for payment, meeting the other financial obligations of your business can be difficult.
About Government Contractors
Government contractors are private companies who offer goods or services to a branch or entity of the government. In many cases, government contractors are offered contracts that specify costs plus - this means that the government contractor receives payment for costs associated with the project, plus a profit margin that is specified during the creation of the agreement.
Government contractors are utilized for a wide range of services or goods, including:
In many cases, government contractors must undergo a bidding process before receiving work. During the bidding process, government contractors will offer an estimated cost for the project. The government then selects a contractor based on these bids and other factors.
Invoice factoring is a financial transaction in which a business owner sells an invoice to a factoring company at a reduced rate of the invoice's value. The business owner receives immediate payment for the invoice, and the factor handles the process of recovering payment from the original debtor.
Our government contract invoice factoring services are designed to eliminate cash flow issues and give owners the operating capital needed to cover the financial obligations of the business and to explore new opportunities within the industry.
Additional Services for Government Contractors
Our services extend beyond factoring. We also provide several additional services that are designed to help your government contract business succeed, including: