Factoring government receivables provides a lifeline for contractors grappling with delayed government payments. Selling unpaid invoices to a factoring company for government contracts can help businesses transform pending payments into usable capital. Here are the five simple steps you can take to get your government invoices factored:
Government contractors in a variety of industries can benefit from invoice factoring. REV works with businesses across North America to ensure they have the working capital needed to thrive while waiting on government payments.
Some of the key industries we serve include:
Government contract factoring provides fast cash flow from unpaid government invoices.
Factoring government receivables is debt-free financing, not a loan.
Contractors can access up to 98% of invoice value immediately.
Factoring strengthens bidding power on future government contracts.
Rates for government contract factoring typically range from 1% to 3%.
REV offers tailored factoring solutions for multiple industries.
Government factoring helps cover payroll, supplies, and growth costs.
Quick approval, no long-term contracts, and no hidden fees with REV.