Government contract factoring for your business
Government contracting can be a catch-22 for many small to medium-sized businesses. On one hand, government contracts can be quite profitable and last for several years. Landing the government as a customer can put your government in the black and enable it to grow steadily year after year. Yet having the government has a notable downside as well. The government is notorious for extremely slow paying timelines. Do you think you’ll get paid in 30 days as with other customers? Unlikely. Sixty-day and even ninety-day payments are not uncommon for the government. Can’t wait months to get paid? Then choose government factoring.
Most small businesses can’t afford to wait that long to collect on payment, especially when they’ve just spent a large amount of their working capital manufacturing the product or developing the service for their customer, the government. If your working capital dries up, it can be hard or nearly impossible to take on other business.
Many small businesses that land a government contract are so excited by the prospect of having the federal government as a customer that they overlook how slow the government is in issuing payments. Lack of planning, in this manner, can be detrimental to a growing business.
Government contract financing covers your cash flow gap
Government factoring is a way to cover this sizable hole in payment. By selling your invoices to the government factoring company, you can collect on your payment right away (a few days) rather than waiting months for payment. Moreover, factoring government receivables can be an excellent option for small businesses because the government is without a doubt a client in good standing. The government doesn’t run out of money and always pays its bills – though, on its own schedule.
Government factoring companies handle their bureaucratic processes
Best of all, a dependable and knowledgeable government contract financing company will be familiar with the nuances of collecting from the government such as filling out the proper forms and filing the correct documents. Failure to do so could make it even longer to collect payment. Some companies may even choose the option of factoring government receivables because it is much less work to off-shore this laborious process to the factoring company rather than taking it on in-house. The government factoring company will act as your collections department & you get the money you need right away.
Learn More About Government Factoring Companies:
- How Much Does Invoice Factoring Cost?
- Factoring Receivables To Increase Business Cash Flow
- Why Choose Invoice Factoring?
Search Our List to Find Government Factoring Companies Near You:
Riviera Finance
1000 Mansell Exchange Building 300, Suite #340 Alpharetta, GA 30022
10320 Little Patuxent Pkwy Suite 200 Columbia, MD 21244
1925 18th Avenue NE Suite #115 Calgary, AB T2E 7T8
8307 University Executive Park Drive, Suite #250 Charlotte, NC 28262
17 W 415 Roosevelt Rd. Oakbrook Terrace, IL 60181
1333 Corporate Dr. Suite 117 Irving,TX 75063
8400 E. Prentice Ave. Suite 1500 Greenwood Village, CO 80111
11601 Pellicano Dr., Ste. B-5 El Paso, TX 79936
50 Harrison St. Suite #310-G Hoboken, NJ 07030
8410 N. Sam Houston Pkwy W Houston, TX 77064
3635 Quakerbridge Road Suite #4 Mercerville, NJ 08619
5870 SW 8th Street Suite # 6 Miami, FL 33144
3470 Washington Drive Suite #206 Eagan, MN 55122
3102 West End Ave. Suite 400 Nashville, TN 37203
4334 Northwest Expressway Suite 242 Oklahoma City, OK 73116
1 International Plaza Suite 550 Philadelphia, PA 19113
1029 H St. Suite 102 Sacramento, CA 95814
2025 Gateway Place Suite #370 San Jose, CA 95110
10430-1 Pioneer Blvd. Santa Fe Springs, CA 90670
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
2605 Enterprise Road East Suite #250 Clearwater, FL 33759
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8
310 Airport Road Suite #500 Williston, ND 58801
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
800-872-7484
Liquid Capital of South Texas
11703 Huebner Rd, San Antonio, TX 78230, San Antonio, Texas, 78230
210.587.7267
Gibralter Business Capital
400 Skokie Blvd #375 Northbrook,, Northbrook, Illinois, 60062
(847) 272-9618
Liquid Capital
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5525 N MacArthur Blvd Ste 625 Irving, TX 55038
1-844-228-0800
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
800.705.1500
CarrierNet Group Financial
500 W 10th St, Sioux Falls, SD 57104, USA, Sioux Falls, South Dakota, 57104
(877) 747-2807
Graystone Capital (now SVBusiness Capital)
900 E Hamilton Ave #100,, Campbell, CA, 95008
(888) 370-7779
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
(866) 377-0800
Stonebridge Financial Services
330 Franklin Rd, Suite 135A-592, Brentwood, Tennessee, 37027
(615) 661-8245
Universal Funding
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216
800.405.6035
Nationwide Transport Finance
2650 Lake Sahara Drive – Suite 200, Las Vegas, Nevada, 89117
(800) 624-3353
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
(800) 297-6652
Accord Financial Group
3500 Boul De Maisonneuve O Suite 1510 Montreal, QC H3Z 3C1, Canada
800-231-2977
New Century Financial
1725 Hughes Landing Blvd., Suite 965, The Woodlands, Texas, 77380
800-805-8380
Great Plains Transportation Services, Inc.
923 N State St, Fairmont, Minnesota, 56031
(800) 324-8214
Factoring Solutions
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
403-452-6227
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
(212) 498-9756
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
(801) 821-0355
Merchant Factors
1441 Broadway, 22nd Floor New York, NY 10018
6750 North Andrew Ave, Suite 200 Fort Lauderdale FL 33309
(213) 347-0101