WHAT IS CONTRACT FINANCING?
Contract financing is for companies that have been awarded a contract, however, do not have the funds to fulfill the contract. A lender will typically advance a portion of the contract so the company can successfully complete the project.
Companies that are looking for capital to take on multiple contracts are good candidates. Contract financing can take on various forms including loans against business contracts or funding for government contractors that have been awarded a bid.
Contract financing is a more cost effective option than equity for businesses of all types. Some of the industries that may benefit most from the use of contract financing include:
- Banking
- Communications
- Computer system/ software development
- Digital broadcasting
- Education
- Entertainment
- Food processing
- Medical
- Municipal
- Recycling and waste management
- Retail
- Technology
- Water purification
Highlights:
- No application fee
- Up to 100% loan to cost
- $1 Million-$300 Million
- Experienced developers are preferred (2 or more years experience)
- All credits are accepted
- Funding timeline: 30-45 days after approval
- Terms: 1-7 years
Contact Us
Do you or your client have a business contract to fulfill? Call or email us for a free consultation.
Call us
9 a.m.-7 p.m.
1-800-403-1898