Government Factoring

Accept new contracts without the stress of waiting for payments

We all know that government contracts can be a rich source of stable revenues for businesses in a variety of industries. Despite this, many owners are forced to limit their number of contracts due to the financial instability that slow-paying agencies can cause a business. With accounts receivable financing, you can circumvent this age-old problem and get paid as early as tomorrow for work that has been completed today.

Benefits of Government Contract Factoring

  • Same day funding
  • Competitive advance rates and fees
  • Short term agreements with no hidden fees
  • You choose which customers to factor and which customers to pay directly
  • 24/7 Online account access
  • Free credit checks on new customers
  • Dedicated account managers
  • Extensive government contract financing experience

How Government Contract Financing Works

  • Upon completion of the contract, or its benchmarks, submit your invoice and supporting documentation to the government agency while also sending a copy of the paperwork to the factoring company.
  • The factor will then advance up to 80-90% of the gross receivable value by depositing the funds directly into your bank account (typically within 24 hours or less).
  • The factoring company waits the weeks or months for repayment.
  • As soon as the payment is received in full, the factor will release the remaining funds directly into your bank account after deducting the small factoring fee.

By selling your government receivables, you will not only be able to accept larger contracts, but you’ll also be able to focus on operating and growing your business rather than managing collections.

Getting Started with Government Invoice Factoring

Contact Orion Business Capital today for a consultation surrounding your business and its capital needs. We have years of experience and numerous government factoring professionals who can help you. Our priority is to save you time by immediately providing you with the best funding program based on your needs. In most cases, you can begin receiving payment on your invoices in as little as 1-3 days.

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