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Government Contract Financing: How Does Mobilization Funding Work?
Today, we’re going to go over one of the most important steps in government contracting – government contract financing and how you can mobilize funding alongside your accounts receivables financing. Without small business contract financing, you’ll find it hard to fulfill those government contracts. Some business owners look toward avenues that aren’t sustainable for their business. Traditional bank loans ask for collateral that add a huge personal risk. Credit cards have high rates and the limits are far below what you need to finance a government contract. Giving up equity and ownership can affect your preferred veteran status.
Government Contract Financing Options That Work
When it comes to contract funding options, a government contractor could look at invoice financing options such as invoice factoring or invoice discounting as well as recourse or non-recourse factoring. One of the main benefits of this contract payment method is that your credit is less of a determining factor in the funding decision because you will most likely have an invoice on hand.
We know the government will pay you, we simply don’t always know when. Similarly, in the case of a subcontractor arrangement, we know that Boeing (for example) will pay you as well. Again, we just don’t know when.
This challenge is why Millennium Millionaire Mindset has mobilization funding programs that work through the entire lifecycle of the contract while you wait to get paid through the invoice.
Best Time to Seek Contract Financing
The best time to seek contract financing is before you even have the contract in hand. Building relationships with financial partners beforehand can make the financing process much easier.
Knowing you have financing in place can help you bid on the project yourself or present your ability to fulfill your part of a contract as a sub to a prime contractor. At Millennium Millionaire Mindset , we can actually mobilize your funding, which would include term loans and lines of credit early in the process along with contract financing after you have delivered to the government.
For more information on how to access the full range of Millennium Millionaire Mindset Company contact us today at email@example.com ,
How to access Government Contract Mobilization Funding from Millennium Millionaire Mindset Company
GOVERNMENT CONTRACT MOBILIZATION FUNDING
YOU’VE WON THE CONTRACT NOW YOU NEED THE FUNDS TO GET THE PROJECT STARTED
Mobilization funding provides the capital needed to cover costs before work begins on a project or prior to Invoicing. This can include the transfer of both equipment and manpower, personnel lodging and allowance, the installation of the equipment at the project site.
THE MILLENNIUM MILLIONAIRE MINDSET ADVANTAGE
Millennium Millionaire Mindset Company can advance up to 10% of the total Government contract amount and provide mobilization. Once the project is underway and the initial invoice is issued, Millennium Millionaire Mindset Company funding process will convert into an Accounts Receivables Facility. The contractor is then advanced up to 90% of the invoice amount. This provides the working capital needed to ensure the project is completed on time.
MOBILIZATION FUNDING BENEFITS
# Working capital to bid on larger jobs
# Funding to start project on time
# Resources to complete project on time and efficiently
# Ability to take on more projects and grow your business
CHOOSE MILLENNIUM MILLIONAIRE MINDSET COMPANY
# Deal directly with decision makers
# Same day approval / closing in 2-5 days
# 100% Financing on Purchase Orders
# Challenged Credit and Years in Business are Non-Issues
# Assigned Account Team
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