Contract Receivables Financing

Revolving Credit Lines for Companies that handle “progressive billing” or “work in progress billing”. This is not factoring.

1. Industries: Construction, Manufacturing, Services, and Related Industries.
2. Credit Line Size: $100,000 to $5,000,000. (Larger credit limits to be evaluated on a one by one basis)
3. Contracts Type:
   1. Federal, State and Municipal Government contracts
   2. Commercial Contracts. These contracts might be bonded, not bonded or both. Some commercial contracts may require credit insurance in order to be financed.
4. Requirements: Company to have over 2 years in business, minimum sales of $1,000,000; accrual basis financial statements, no personal guarantees required in 95% of the cases, FICO scores of guarantors not considered for the credit decision, two years accrual basis projected financial statements required for final approval and due diligence. Company to have positive equity and be profitable; however if there are losses and other issues, a written explanation is required.
5. Funding Region: Nationwide