Factor Funding Co understands how small and medium-sized companies face cash flow challenges as they work to grow their government contracting business. We know that slow-paying government agencies can put a real strain on a company’s cash flow, which is why we offer government contractor factoring.
Customers in the apparel industry generally demand aggressive credit terms instead of paying for orders when delivered. It is common for a company in the apparel industry to wait 60 days or more for payment. Seasonal fluctuations in orders can also mean a drop in cash flow that can cripple a business.
Any company whose business depends on providing goods or services to local, state, or federal government agencies has experienced one or more of the following cash flow problems:
- Slow accounts receivable turnover
- Inability to obtain short-term financing due to insufficient credit history
- Past credit problems of company owners makes financing difficult
- Government agencies that demand aggressive credit terms
- Large sale opportunity puts a strain on cash reserves
- Expansion opportunities requiring capital expenditure
Government contractor factoring gives your company the needed cash to overcome these as well as the many other problems associated with a lack of immediate cash.
Selling products and services to the government can be financially rewarding for a company but future growth depends on your company’s ability to fill the orders. A company that fills the orders on time will get future business from the government. Those companies experiencing cash flow shortages will find future government business going elsewhere.
Government contractor factoring takes your government receivables and turns them into immediate cash your company can use to:
- Purchase materials
- Buy equipment
- Pay employees
- Invest in growth opportunities
Factor Funding Co has experience working with the Federal Assignment of Claims Act. We understand how it works, what it requires, and how to use it to turn your outstanding government invoices into the cash your company needs. Government contractor factoring helps your company to continue operating at its fullest potential without letting cash flow shortages interfere with its growth or its ability to fill orders.
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What better way to get the peace of mind you need for you and your family than from an expert with decades of experience helping countless others in exactly the same way?
Reach out for assistance to ensure that your feeling of being in a rut over awaiting settlement doesn’t last long. We get plaintiffs the cash they need.
Waiting around won’t help you pay your expenses. We look forward to chatting about your financial needs and how we might be able to partner up to assist in achieving your goals. Here’s to your success!