Government Contract Financing
Government Contract Financing is an effective way to cover the operational costs associated with doing business with federal, state, and local government agencies.
How does Government Contract Financing work?
ClearCoast specializes in providing working capital to Prime and Sub-contractors for State, Federal and Municipal government projects. We provide our clients with growth capital solutions needed to fund task orders, as well as any other capital needs required for on-time contract completion.
The United States Federal Government operates differently than most public or large private companies. Once a contract is awarded or task orders are issued, rapid growth can occur. Winning a big government contract can be exciting, but this is often followed by a reality check. You’re left wondering “Where can I get the capital to hire more workers, order supplies, repair or buy more equipment, make payroll, and meet other obligations of my company while this project is being completed?” ClearCoast Government Contract Financing solutions and expertise can help with all of these concerns.
The Federal Assignment of Claims
The Federal Assignment of Claims outlines how a Government Contractor may assign monies that are due under a Federal Contract. Obtaining an approved Assignment of Claims is a detailed process that the ClearCoast operations department has the qualifications and experience to help businesses navigate. In addition to an Assignment of Claims, a Contract Modification may also need to be obtained. Once these requirements are in place, it takes around 24 hours for quick verification and funding. ClearCoast Capital understands the important details of the Federal Assignment of Claims and Contract Modifications, as well as knowing exactly how to communicate with contracting officers.
Small Business Contract Programs
Some of the types of Federal Contract Vehicles that ClearCoast clients have used to secure work with the Federal Government and Department of Defense include IDIQ’s, BOAs, Task Orders, GSA Schedule, ENCORE II, SeaPort-e and DHS Eagle, just to name a few. ClearCoast has experience with multiple contracts allowing us to quickly and efficiently structure our clients’ financial solutions.
Below are a variety of programs and qualifications designed to help small businesses who wish to work with the Federal Government. ClearCoast can help your businesses understand the specific qualifications required for each program:
- WSOB – Women Owned Small Business
- HUBZONE – Historically Underutilized Business Zone
- 8(a) Certified Small Disadvantage Business
- VOSB – Veteran Owned Small Business
- SD-VOSB – Service-Disabled Veteran Owned Small Business
Why does my business need Government Contract Financing?
ClearCost can help get your foot in the door if you are not currently working government contracts. If your business is currently completing government contracts, there is opportunity for you to win larger contracts and grow.
ClearCoast has the knowledge and experience to guide your business through the competitive world of government contracts. We will customize a solution for your business using asset-based lending to secure sufficient working capital, so you have the capability to take on more projects and grow.
Fast Funding for Your Business!
Benefits of Government Contract Financing
- Guaranteed work
- The government is a reliable customer
- Grow your company at a faster rate
- Use capital to hire more employees
- Afford to buy more supplies
- Add new equipment to speed-up production
- Fix or repair older equipment
- More money and time to generate new business