Government Receivables Financing
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Put Seacoast to Work For You.
Winning a large government contract is an excellent opportunity for your business to have recurring capital and steady work. The upfront and ongoing costs can make it difficult to manage other projects or complete current projects. Our expert team focuses on helping businesses like yours overcome the cash flow challenges associated with slower payments from government contracts.
Seacoast ensures your business has immediate access to funds to cover payroll and operating costs. We have the knowledge, experience, and ability to help you overcome cash flow constraints and fulfill your government contracts confidently.
Credit facilities start at $1 million to $30 million.
Experience the Advantage of Government Receivables Contract Financing With Seacoast
Government contracts incur both upfront and ongoing expenses and require varying levels of working capital. Ensure your financing is structured to meet your unique business needs.
All of our decisions are made in-house and you get the added benefit of always having access to unlimited capital that scales with your business.
When it comes to covering payroll, overhead costs, and materials, your business can't wait months on payment. With a partner who moves fast you always have cash on hand to confidently manage your government contracts.
Our extensive knowledge and experience in the government contracting space provide your business with sufficient cash flow to successfully grow and take on future contracts.
FAQ Government Contract Financing
Governments on all levels contract out work to small and medium-sized businesses through a bidding process. Winning a bid provides steady work and recurring revenue for businesses. The only drawback is having to fund upfront costs and other expenses before receiving payment. In some cases, it can take up to 90 days to receive payments from the government on the outstanding receivables. For businesses working on multiple projects, the time between work and payment can create significant problems for regular cash flow.
Invoice factoring for government contracts provides a cushion to protect your cash flow throughout each project. It allows your business to get access to working capital quickly so you can cover payroll and other business expenses without depleting your capital.
Seacoast offers two types of government contract financing:
This is the most common form of government contract factoring since it uses outstanding accounts receivables to provide immediate funding to a business rather than waiting 30 days or more terms for payment. The process involves selling outstanding invoices for quick funding. Once the invoice is paid, the company receives the remainder, minus a service fee.
Where you use your company assets (accounts receivables, inventory, and machinery & equipment) as collateral to secure a revolving line of credit.
If you aren’t sure which solution would work best for your business, our client advisors are here to speak with you anytime to provide additional information. Sometimes, the right approach may include a combination of solutions.
Government receivables financing provides consistent working capital for your business. You have regular expenses that you must meet, for current projects and plans for the future. Long waits for payments make it harder for you to bid on new contracts or grow your business. Financing can help you seamlessly manage payroll, overhead costs, and materials ensuring you can meet current contracts and take on new opportunities without disruption.
Government accounts receivable financing makes it easy for you to overcome the working capital challenges around government contract fulfillment. If you hesitate to bid on government contracts because you worry that you will not be able to keep your business running in the interim, you should know that you have options to simplify the process.
Our solution strengthens your position to fulfill your contract, accept new government contracts, cover payroll, operational costs, and take on additional projects. After you complete the application process, you can rely on predictable funding that works within your existing needs.
With 30+ years of experience helping businesses maintain cash flow and finance new projects, Seacoast Business Funding is a reliable partner for any government receivables factoring. Our dedication to each client shows through our detailed analysis of your financial situation and the creation of a financing plan that solves your cash flow problems and to successfully navigate your project. Our success stories show how a quick solution from an expert can make the difference.
The application process is simple and easy, and we will determine the best solution to meet your unique situation and goals. You can count on Seacoast Business Funding to respond to your questions quickly and fully, with the details you need to make the right decision for your business. If you are ready now, you can complete Apply now and complete our online application. You can also get in touch with one of our team members by completing our contact form or calling us at 800.619.0804.