Factoring Companies for Government Invoices
Featured factoring companies
Government contract factoring
Federal contract financing is governed by the Federal Assignment of Claims Act (FACA). FACA is a law for assigning payments under a federal government contract to a financial institution. After filing a Notice of Assignment, the government must execute and return the notice to your factoring company. FACA also requires the government make contract payments directly to your finance company.
Government invoice factoring is an excellent financial tool for businesses that have been awarded government contracts. Government agencies often take well over 30 days to pay their invoices.
Rather than sinking into debt and making loan payments, invoice factoring is similar to a bank line of credit. You also get to enjoy the many benefits of receivables factoring that banks don’t offer.
Government factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay employees, contractors and suppliers.
Government factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
Invoice factoring is easy as 1-2-3
Accounts receivable financing
Cash flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.
No Loans Or debt
Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.
Quick And Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.