Government

winning and financing a government contract

Pumping nearly $1 trillion each year into businesses across the country, the U.S. government remains the largest single purchaser of goods and services to both large and small enterprises with their letting of contracts and Request For Proposals (RFP). The federal government has lots of money to spend and is the only investor who is printing more of the stuff. Businesses of all sizes and those in nearly any industry can win high-value contracts with the federal government. These contracts don’t just go to big defense and transportation agencies, either. Fully 23% of U.S. government contracting funds go to small ... Read More

how to finance a government contract

No one can invest in your small business like Uncle Sam. The U.S. government pumps more than $1 trillion each year into both small and large businesses in the form of government contracts. Nearly $440 billion of that goes to small businesses according to Business News Daily. Many of these contracts are specifically available to Small Disadvantaged Businesses (SDB) or to enterprises that are veteran-owned or minority-owned. The government sets formal goals for the kinds of businesses in which it wants to invest its contract dollars. 23% of prime contracts to small businesses 5% of prime and subcontracts to women-owned ... Read More

Accounts Receivable Factoring

Accounts receivable factoring is a great tool for funding your company. It helps your small business get the working capital needed to maximize opportunities and keep profitable.  Below, we will discuss scenarios where receivable factoring is a funding option that makes sense. Is Your Business New? Startup businesses do not typically have a lot of working capital.  Having the ability to meet payroll, invest in a new idea or buy raw material can make or break the company.  Often times, new businesses are not able to secure bank funding giving them few options to raising capital. Selling their accounts receivables can be an effective way to raise ... Read More

Paragon Financial has provided a $1,000,000 receivable financing line of credit to a government supplier in Sacramento, CA. Money When Your Business Needs It Most!™

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Government Contract Funding

At Paragon Financial, we have been funding government contractors for over 25 years.  We are one of the few factoring companies that will work with the government, and we do it on the federal, state and local levels.  Other factoring and finance companies simply don’t have the resources and knowledge to successfully navigate through the government red tape. We understand the complexities of FAR and leverage the Department of Defense’s iRapt. Federal, state and local governments offer you the opportunity to sell billions of dollars worth of products and services. Many government agencies require that some percentage of their procurements ... Read More

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