Years of marketing, networking, and responding to RFPs have finally paid off! In your hand you finally have the government contract that will place your emerging firm on the map.
As the euphoria settles in you realize you lack the liquidity to deliver on this lucrative government contract.
You’ve tried your local bank, they want to see years of tax returns, phenomenal credit, along with cash balances equal to your funding request. Suppliers are unwilling to advance material and equipment for you to begin this amazing project. Sound familiar?
You’re not alone! Through our SBF Contract Financing Fund we’ve helped hundreds of government suppliers like you deliver on their contracts and successfully navigate to bigger and better opportunities.
What is SBF Contract Financing Fund ?
In short, our SBF Contract Financing Fund delivers upward of 25% of the awarded contract amount to you prior to beginning your project. ( Yes start up capital! )
Contract Financing can be used as follows :
- Purchase material for the project
- Hire, and train staff assigned to the project
- Acquire equipment essential to delivering on the contract
- Proceeds are often used to carry payroll for the initial weeks or months of a project
How does Contract Financing work?
- Lender provides “upfront financing” to help cover cost of equioment, materials, supplies, and payrolls.
- Funding in the form of supplier payment guarantees, letters of credit, and even upfront cash payments.
- Invoice payments sent to the lender who deducts the advances making it a self liquidating loan.
Recent Contract Financing Transactions :
-
A start-up, women owned construction firm received cash contract advance of $79K to help cover upfront costs on an $500K sub-contractor
- A security firm which had to mobilize 200 people to 9 cities established a $1, million financing facility to cover upfront costs for travel, hotels, per diems and payrolls.
Delivering The Funding…So You Can Deliver On Your Contracts! Contact us today to get the capital you need to fulfill that contract!!
To Your Contract Success