Unlike banks offering traditional loans, we help businesses of all sizes, including small ones and startups. Using our factoring services for government contracts gives you greater flexibility and a stronger competitive edge. What Makes Receivables Financing an Effective Solution
This enables you to achieve higher efficiency and cost-efficiency, if you qualify for an early payment discount. The only difference is that we will use the cash advance to pay your suppliers instead of wiring it directly to you, to help you begin working on your government contract as early as possible. You can take advantage of our receivables financing solutions and of the more specific option – purchase order financing. Upon receipt of the funds, we will transfer the remainder to you after subtracting our small service fee. You can expect to build a strong reputation with the institutions and people that you work with. We handle the payment collection process professionally following the terms and conditions that you have settled for. With our factoring solutions for government contractors, you can have complete peace of mind about billing agencies. The other option we offer is ACH funding on the next business day. Usually, we will wire transfer the sum directly to your bank account on the same day. You will obtain up to 95% of the amount the government agency owes you within 24 hours of submitting the invoices. It involves selling your invoices, or more precisely, your accounts receivable to us. Our company offers a financial solution comparable to a business line of credit, but minus the long and complex application process, the digging through your financials and credit history and the need to provide collateral in case of a higher risk involved.
We bring to the table great rates that are among the lowest in the market and financing expertise based on over two decades of industry experience. Get the cash advance that you need to fulfil your contracts and win more. If you struggle with this aspect of your business, our company, Working Capital of America, can help by providing an invoice factoring solution designed especially for you. Factoring Services for Companies with Government Contractsįederal and state government contracts present lucrative business opportunities for companies of virtually all industries, but they usually require a considerable amount of working capital.
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