PCI understands what is means to be a small government contractor.  In many cases, contract awards can be both exciting and stressful, requiring financing to quickly ensure operation success and financial capability.  PCI’s Accelerate program is here to support your funding needs.  We will work with you to provide a receivables based lending option that will meet your business requirements and get you funded quickly.

Every year, the U.S. government award billions of dollars of contracts to small and medium-sized enterprises (SMEs) to help create jobs and foster long-term economic development.

While working with a government entity may be a lucrative opportunity, many SMEs have to fund upfront costs and other operating expenses before being able to take on a project. They also have to wait for the government to pay invoices — which can take one to two months. Government contract financing helps businesses obtain the working capital they need to successfully put together bids and monetize invoices after the contracts are completed.

Using government contract financing has many advantages. For instance, since it is not a loan you won’t have to pass a credit check to get it. This can be quite convenient if you’ve run into trouble trying to secure traditional lending from a financial institution. Instead, the government’s creditworthiness of paying its bills serves as your credit to help you qualify for the financing arrangement. Another benefit is you can get your cash very quickly; most of the time within a few business days. This can help you cover the necessary expenses of your business while you begin bidding on additional projects.

Working with government contracts can be a difficult business if you need to get paid right away. By using government contract factoring you’ll be able to get the cash you need for your company without having to wait several months for your invoices to be settled.