START YOUR ONLINE APPLICATION NOW OR CALL +1 (561) 948-0769 MATERIALS PURCHASE FACILITYįor contractors that need working capital for materials before they can invoice the owner or general contractor. Payables management, lien release control, and bond issuance.This works in a similar way to factoring. You get to regain complete control of your finances, while obtaining a steady cash flow to do with as you please. It will then deduct the costs of the factoring service, before paying you the remaining balance. Government contract invoice factoring works for virtually any industry from staffing, technology, agriculture, trucking, IT, and wholesalers. Most companies are eligible for factoring, as invoice factoring relies completely on the creditworthiness of your debtor.
Facility sizes from $1,000,000 to $25,000,000 Regardless of your industry within the government, invoice factoring is a fast, easy, and reliable solution.Expedited cash flow is the primary benefit vendors receive when they use invoice factoring as a government contract financing tool. Our program works in conjunction with the surety and provides payables and cost management services to ensure your projects stay on track. Benefits of Factoring Government Contracts. Primarily used for contractors doing work on government jobs where a bond is required and takes a senior position on the accounts receivable. START YOUR ONLINE APPLICATION NOW OR CALL +1 (561) 948-0769 CONSTRUCTION FACTORING FOR BONDED JOBS OR WORK Flexible programs that allow you to factor the applications for payment you want funding on.
#Government invoice factoring full
Programs available on a job by job basis for occasional working capital needs or full ledger financing for companies that need consistent working capital to fund payroll and keep suppliers current. We provide financing solutions to sub-contractors who are working on commercial or government projects that need working capital for materials and labor. As nimble scientists and engineers ourselves, we know how crucial it is to push your work forward to meet the time-sensitive, security-oriented deadlines associated with government projects. Construction factoring is ideal for specialty trade contractors including electricians, plumbers, HVAC contractors, and general contractors self-performing demolition, drywall, and other structural construction. Government agencies take 30+ days to pay their invoices, so factoring companies offer invoice factoring services to alleviate the problem.
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