Contract Financing

Contract financing advances funds against the value of a government or commercial contract so you can pay for materials labor and other costs before your customer pays.  This type of financing is ideal for contractors who have secured a contract but need immediate working capital to perform .  Key benefits include:

• Eligible contract types – Government contracts commercial contracts and service contracts may all qualify for financing when the client has a solid credit rating .
• Flexible and project specific – Financing is tied to a specific contract rather than a long term loan which reduces risk and aligns repayment with contract performance .
• How it works – You secure a contract and then apply for financing.  A lender evaluates the contract and your customer’s credit.  If approved you receive an advance on a portion of the contract value.  Repayment comes from the customer payments once work is completed.
• Working capital and cash flow management – Funds are advanced based on the contract value and give you the cash needed to begin work and maintain operations .