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More information on Factoring Government Contracts
At Factoring Government Contracts we understand the unique nature of working on and fulfilling Government Contracts. Since 1994 we have helped thousands of companies with their cash flow needs. Whether it’s your first Government Contract, or the latest in a long line of contracts, we are confident that we can help you find the right working capital solution for your company.
Winning a Government contract is an exciting time for any company. The opportunity for growth and expansion of a business is very real. For Companies with Federal, State, or Local Government contracts, planning and completing the work takes money. That is where Factoring Government Contracts can help.
Over the years it’s become common for us to see government contractors who bid on and received lucrative contracts but are unable to fulfill them due to limited cash flow. Standard protocol in these situations has been to seek out Bank financing. Unfortunately for most government contractors this exercise ends in disappointment as banks tend to look at past performance, profit & loss and balance sheet rather then the opportunity that exists going forward; “Your New Government Contract.”
Our Factoring Government Contracts program sees your new Government Contract as an opportunity. We are able to offer you a Factoring Line of credit based on your Government Contract, not last year’s profit and loss statement. We see the potential in Companies working on Government Contracts and we will customize a Factoring solution, which meets the needs of your business.
It’s important to get the right financing solution, but it’s also important to get it quickly. Banks and other financial institutions require large amounts of paperwork and pages of applications, and often take weeks or even months to make a decision. At Factoring Government Contracts we know time is of the essence. With our exclusive Fast Track Approval system, in most cases we can provide you with one or more Factoring Government Contracts solutions and a rate quote in just 5 Minutes. There is no red tape involved and no mountains of paperwork to complete.
In addition to Cash flow, we provide other mission critical services to our Government contractors including Credit Analysis for future contracts, Risk Assessment, A/R Management, Billing, Collection, Treasury and 24/7 Web Reporting.
To find out more about how we can help you with your Government Contract, Please call 866.880.7094
More about Factoring Government Contracts
Factoring Government Contracts is a financial transaction whereby a business sells its Government receivables (invoices) to a Factoring company at a discount in exchange for immediate cash.
Factoring Government Contracts is different from a bank loan in two significant ways. First; the Factoring Government Contracts Company places the emphasis on the value of the receivables, not necessarily the firm’s credit worthiness or fixed assets. Secondly; factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor’s liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Factoring Government Contracts Company to obtain the cash needed for day-to-day operations.
The sale of the receivables (or invoice) transfers ownership of the receivables to the Factoring Government Contracts Company. The account debtor (The Government) is then notified of the sale and then remits payment directly to the Factoring Government Contracts Companies Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - this is the amount a Factoring Government Contracts Company will charge you for the service. Most Factoring companies will charge you a Factoring Fee also known as a service charge as well as interest based on how long it takes the Government to pay.
2. The Advance - this is the percentage of the Face value of the invoice you will be paid upon submission of that invoice.
3. The Reserve - this is the remainder of the total invoice amount held until the payment by the government is made in full.
Factoring Government Contracts is a leading Factoring Government Contracts company. We provide our Factoring Government Contracts service to a wide variety of small to mid-sized companies performing a variety of Government Contract work.
We have earned a reputation for providing world-class service to companies who need Factoring Government Contracts lines for their businesses. When searching for Factoring Companies, look no further than Factoring Government Contracts.
Banks often call their factoring programs Factoring Loans. Don’t be confused with this statement because factoring your accounts receivables is not a loan. Factoring is simply the sale of your Invoice at a discount to a Factoring Company.
Are you interested in learning more about Factoring Government Contracts programs?
Call today and talk to one of our Factoring Government Contracts specialists. Our factoring specialists will give a free consultation on how Factoring Government Contracts can help your business grow and succeed. With Factoring Government Contracts there is no red tape to cut through or bureaucratic maze to navigate in order to get financing. We make the factoring application process simple and straightforward, what’s more, we’ll get you approved in just 5 minutes.
Would you like to learn more about Factoring Government Contracts? Call 866.880.7094
We provide Factoring Government Contracts Lines to Government Contractors and Vendors in the following fields:
| Factoring Government Contracts for Apparel & Garment
||Factoring Government Contracts for Marketing Companies
| Factoring Government Contracts for Communications
||Factoring Government Contracts for Medical
|Factoring Government Contracts for Consulting Companies
||Factoring Government Contracts for Oilfield Service
|Factoring Government Contracts for Contractors
||Factoring Government Contracts for Printing
|Factoring Government Contracts for Distribution Companies
||Factoring Government Contracts for Recruiting
|Factoring Government Contracts for Engineering
||Factoring Government Contracts for Security
|Factoring Government Contracts for Environmental Services
||Factoring Government Contracts for Service Industries
|Factoring Government Contracts for Government Contractors
||Factoring Government Contracts for Technology
|Factoring Government Contracts for Healthcare
||Factoring Government Contracts for Temp Staffing
|Factoring Government Contracts for IT Services
||Factoring Government Contracts for Transportation & Trucking
|Factoring Government Contracts for Logistics & Transportation
||Factoring Government Contracts for Utilities
|Factoring Government Contracts for Maintenance
||Factoring Government Contracts for Warehouse
|Factoring Government Contracts for Manufacturing
||Factoring Government Contracts for Wholesale
For more information about Factoring Government Contracts, Please Call 866.880.7094
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