Government Contract Financing, Purchase Order & Receivables Financing
Through our PO Funding, WIP Financing and Government Contract Financing Programs, we can give you the cash that fuels your sales to government entities. We understand the culture of government and dealing with the government bureaucracy. We have decades of experience dealing with the Federal Assignment of Claims Act (FACA) and The Federal Acquisition Regulations (FAR).
The Assignment of Claims Act requires that assignments be acted upon unless the contract expressly disallows it. This does not happen very often. Most federal contracts allow an Assignment of Claims. Occasionally contracts may have the language, “this contract may not be assigned.” The confusion comes in here. This language means that one should not assign the performance of the contract to another contractor. It does not mean the Assignment of Claims may not be applied as the federal government has stated time and again that small business needs funding.
Also, we have money available now for local, state and city contracts in the USA. We are currently funding military primes, IT staffing, maintenance contracts, demolition, painters, concrete, HVAC, paving and site preparation companies to name a few.
We look at the creditworthiness of your government client, so don’t be afraid of turn downs. Even if you have had a bankruptcy, tax liens or slow pays, we can fund you through one of our government funding programs.
We also offer a Financial Capability Certification Program. This program provides customers with contingent financing commitments so that they can demonstrate to government contracting officers that they possess the financial wherewithal to execute on contract awards. This results in our customers winning more and more significant contracts.
We can help you manage the wild swings in cash flow by getting you your money now; not waiting 30, 60 or even 90 days. We can ensure your suppliers will receive the payment quickly so that you can negotiate the very best pricing. In many instances, the ability to take discounts and get better material pricing has made up for the cost of WIP and AR funding.
Common Government Contract Problems for Cash Flow:
- Trouble covering payroll every week
- Not enough cash to fuel growth
- Can’t take on new contracts and fulfill existing government contracts
- Can’t take material discounts or saddled with late fees
- Don’t meet Financial Requirements