Government Contracting and Contracts for Bid
Is working capital holding you back from bidding on larger government contracts?
The U.S. Government awards millions of dollars in contracts to businesses in the United States. While this is exciting it can cause major cash flow issue can occur when a company has to cover expenses, including payroll.
After completing the contract, or the individual job, the business invoices the government and waits to get paid. In the meantime, expenses keep piling up and bills must be paid. This can put a terrible strain on the small company, forcing it to turn away additional and new business. A common way to alleviate this lack of working capital is to sell your invoices to a factoring company. This allows the business to go forward and take on more and more business and contracts.
Our database includes a large number of funding sources specializing in government contract financing programs.
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