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 cannot assign the performance of the contract to another contractor. It does not mean that you cannot apply the Assignment of Claims. As the federal government has been saying time and again, 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, and maintenance contracts. Also, we are financing 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 our one of government funding programs.
The Financial Capability Certification Program
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 larger 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.
We Understand Your Government Contract Cash Flow Problems:
- 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