Each year, the federal government issues approximately $500 billion in government contracts to small and medium-sized businesses. While this is a lucrative venture for contractors, some may not receive the payments until months after delivering the products and services. This is where government contractor factoring can help.
Government contract funding, also known as government factoring, is a financial solution that helps contractors enjoy a steady cash flow. Contractors sell eligible invoices to government contract companies like Factoring Express to receive instant cash advances.
From there, we will assume responsibility for collecting the payments from respective government agencies. Once we collect the invoice, we will pay the remaining amount in exchange for a small fee.
This way, contractors like you will have enough funds to pay workers, subcontractors, and suppliers. You can resume operations, accept more government contracts, and grow your business without worrying about late payments.