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How To Obtain Government Contract Financing

Linh Nguyen's Profile

Has anyone dealt with or obtained financing leveraging government contract receivables or any other means?  Our business sells equipment and services to state and county government, and we want to meet our working capital needs.   I would appreciate if you would share insights about best practices for obtaining financing.
Thanks
Linh

Answers

Topic Expert
Paul Benedetto
Title: CFO, Director of Finance, Consultant
Company: Nextwave Software, Rethink Fabrics
(CFO, Director of Finance, Consultant, Nextwave Software, Rethink Fabrics) |

I have been using a factor company in CA that has been willing to finance both invoices and PO's. There are others out there besides them who have contacted me from time to time. The fees are not cheap, but when in a cash flow bind you do what you need to. Also, obtaining credit insurance might assist in this manner when working with more traditional banking institutions; a path I have been going down. If you want more contact details, feel free to send me a direct e-mail. Thanks. - Paul Benedetto

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