There are many benefits to working with the federal government, such as guaranteed payment and no shortage of work, but it is not always easy to get started. So how should your trucking company go about obtaining government contracts?
There are many benefits to working with the federal government, such as guaranteed payment and no shortage of work, but it is not always easy to get started. So how should your trucking company go about obtaining government contracts?
Topics: Cash Flow Solution, Government Contract Financing, Transportation Factoring
Large government contracts can be a boon for your company, as they provide generous amounts of revenue. Unfortunately, government contract payments can be far from reliable. Since government contracts depend on collaboration between multiple governmental agencies, payment can take longer than with other kinds of businesses. Sluggish payment processes can disrupt cash flow and even jeopardize your own timely payments to employees, suppliers, vendors, or subcontractors. This is where the process of invoice factoring comes in. Learn if you can apply it to your government contract and how to use invoice factoring for your municipal clients.
Topics: Factoring Accounts Receivable, Government Contract Financing, Business Financing, Invoice factoring
As a business owner, you want to take the next step and grow your company. For many small and mid-sized businesses, that means working on getting lucrative government contracts. Even if you’re lucky enough to get the work, actually doing it can be a real challenge, especially when it comes to things like invoicing and billing.
Topics: Government Contract Financing, Cash Advance, Financial goals, Business Financing
Government contracts are available for small to large businesses. Federal bids require your company to follow a precise process. It is all about understanding the bid process and preparing accordingly.
Topics: Cash Flow, Government Contract Financing
Selling to the government means understanding the intricacies of the process. The rules are continually changing. The unique requirements for the distribution and wholesale companies are worth considering.
Topics: Manufacturing and Distribution Financing, Government Contract Financing, Wholesale financing
Consider the fact that the federal government buys close to $100 billion worth of goods and services just from small businesses every year! It may be time to brush up on the skills required to win a contract from the federal government.
Topics: Government Contract Financing, Financing Government Contractors
Government contracting is an intimidating proposition. Doing business with the largest buyer of goods and services in the world (the U.S. government) does indeed take a lot of preparation, but doing business with the federal government is a huge untapped potential source of income that your business can capitalize on.
Topics: Government Contract Financing
