 The biggest spender in the world is the US Government. That seems to be good news for the some twenty-five million small and medium sized business located in the United States. By the way, Government contracts can mean big money and a boon to smart entrepreneurs and business owners that grab these opportunities. But there have to be bad news. So, what's it? The process of getting paid by the US government is not easy and can take a long time. There are mounds of paperwork, that's why documentation must be in order and submitted correctly, not to mention the actual process of getting the checks cut. According to this a business owner can wait anywhere from fifty to one hundred twenty days to get paid. Besides, many businesses cannot wait that long as they need to make payroll, replenish supplies, or purchase materials to fulfill the next order.
So what a cash-strapped business has to do? The first that comes to mind is getting a bank loan, borrow money from friends and family. But there is worse variant and this is to give up equity in the company in exchange for some working capital. BTB Capital has another solution. Government invoice factoring is the solution that won't create extra debt on your balance sheet nor require you to give up ownership in your company.
Government factoring allows you continuing to operate your business in the usual way with the exception of your invoicing. You see it is very simply. Generating your invoice, you provide a copy to BTB Capital and in this way we provide you with the cash you need to operate your business now. No more checking the mailbox everyday hoping the big check arrives. They can normally wire money directly into your bank account within 24 hours of receiving the invoice.
As this sounds great, do not think it is really expensive. Consider the cost of missing a payroll or even worse, not meeting the deadlines and milestones on your government contract. The actual cost will normally be between 2 and 3 percent of the invoice amount, small price to pay for complete peace of mind and the freedom to operate your business in the best mode possible.
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