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  1. #1
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    Government Contract Factoring

    Does anyone know a funder that can fund a company that has a Government Contract awarded to them but no invoice yet?

  2. #2
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    If they have the contract won and it is in writing (documented). Then, YES, I have many factoring lenders for you.

  3. #3
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    Quote Originally Posted by Ehenek View Post
    If they have the contract won and it is in writing (documented). Then, YES, I have many factoring lenders for you.
    Yes send a couple over. You can pm me. Thank you!

  4. #4
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    I believe Coral Capital may do it. Do you know which industry and which government and what type of project?

  5. #5
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    Quote Originally Posted by b2bfunding View Post
    I believe Coral Capital may do it. Do you know which industry and which government and what type of project?
    Defense and aerospace part/supplies

  6. #6
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    You cannot factor the contract .....only the invoices once goods are sent, proof of delivery is obtained, and the invoice is sent. Financing government contracts can be tricky. There are very few institutions that provide the service. Live Oak Bank in NC has a government contract finance practice. You may want to reach out to them.
    Hedley Lamarr......That's Hedley

  7. #7
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    The definition of factoring is getting cash now for accounts receivable.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #8
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    Most brokers I've spoken to talk about "Factoring contracts."
    I was inspired a few years ago and wrote about it and put it on my website:
    https://www.abfunders.com/line-of-cr...b-contractors/

  9. #9
    Banned Reputation points: 191
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    If you did not get a funder yet, I'm pretty sure I can help.

  10. #10
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    If this prospect Client now has A/R, then I would be happy to look at the deal.
    Feel free contact me.

    Our A/R Financing criteria is NOT primarily based on Client credit score, or length of time in business.
    Our financing is primarily based on the credit-worthiness of the Customer Account invoiced.

    We pay Brokers, recurring residual commissions on A/R Factoring deals paperwork that you send to me, that we fund.

    Robert
    Last edited by ABL Rob; 07-20-2023 at 03:40 PM.

  11. #11
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    PO Financing or government contract financing.
    Josh Dan
    B2B Funding LLC
    josh@b2bfundingllc.com
    Super Broker
    (347) 794-1592

  12. #12
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    Quote Originally Posted by Ehenek View Post
    If they have the contract won and it is in writing (documented). Then, YES, I have many factoring lenders for you.
    Can you pm the deets for the one, in your opinion, does the best work with government construction contracts?

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