Government Receivables Financing
Confidently accelerate growth and bid confidently with steady funding.
Knowledgeable. Experienced. Dependable.
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 is 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.
Government receivables contract financing 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:
Invoice Factoring – This is the most common form of government contract financing since it uses outstanding accounts receivables to provide immediate funding to a business rather than waiting 30-60 days for payment.
Asset-Based Lending – 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.
Government receivables financing provides consistent working capital for your business to seamlessly manage payroll, overhead costs, and materials ensuring you can meet current contracts and take on new opportunities without disruption.
Government Receivables Contract Financing makes it easy for you to overcome the working capital challenges around government contract fulfillment. Our solution strengthens your position to fulfill your contract, accept new government contracts, cover payroll, operational costs, and take on additional projects.