Secure Funding for Your Next Contract
Don’t let missed opportunities haunt your business. With contract funding through altLINE, you don’t have to let potential contracts slip through your fingers because of cash flow constraints. Instead, you can easily fund new contracts and propel your business growth.
Immediate Cash for Growth
Fast-Track Your Cash
Landing a new contract is hard work, but sometimes you’re forced to skip out on a new business opportunity because of a lack of working capital to fund or staff the contract.
Rather than stressing about delayed payments and if you’ll have the funds to take on that next contract, you can work with altLINE to ensure you get the cash precisely when you need it.
Take Control of Your Cash flow
No More Waiting on Payments
One of the toughest aspects of running a business is waiting for customers with long payment terms, like net 30 or even net 90, to submit their payments. This gap in cash flow caused by the waiting game can deter your business growth, limiting the number of new employees you can hire and creating a barrier to scaling your operations.
Break free from the cycle of waiting for client payments, and get immediate access to your funds with financing from altLINE.
- Get the Cash You Need, When You Need It
- Access Funds So You Can Afford to Take on New Contracts
- Don't Let Debtor Payment Habits Dictate Your Cash Flow
Bid Boldly, Grow Fearlessly
Don’t Lose Out on New Business
Taking on a new contract is exciting, but operational barriers can make it feel like an unattainable goal. To support a new contract, you need to have the workforce and equipment to manage the additional load, but sometimes you don’t have the working capital available to operate at an increased capacity.
When you work with altLINE, you can stop hesitating to bid on that lucrative contract. With our rapid funding solutions, you’ll have the financial backing to bid boldly and win more contracts.
Why Work with altLINE?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
NO HIDDEN RATES OR FEES
altLINE is a branch of The Southern Bank Company, giving you direct access to secured funds and allowing us to offer competitive rates without hidden fees.
DEDICATED ACCOUNT MANAGERS
You will work with one of our dedicated account managers who will help you manage your back-office tasks, including collecting invoice payments.
Smooth Customer
Onboarding
Complimentary
Customer Vetting
Same Day Funding
Available
Client Success Story
See How altLINE Helped a Client Grow 1000%
Frequently Asked
Contract Financing FAQs
What funding options will help my business take on new contracts?
Winning a new contract is an exciting business opportunity, but it can be costly to fund the contract. Whether you have to buy more raw materials to fulfill an order or hire more employees, sometimes you need additional financing to take on a new contract.
Two flexible options that business owners can use are invoice factoring and a bank line of credit. Both of these lending options allow business owners to access a credit facility to support short-term funding needs. However, invoice factoring tends to be easier to be approved for than a bank line of credit.
Can I qualify for contract financing with poor credit?
Some types of contract financing lenders will approve business owners, even if they have bad credit or a bankruptcy. For example, an invoice factoring provider will often work with a business that has poor credit because they put more emphasis on the creditworthiness of the business’s customers, rather than the creditworthiness of the business itself. If you are concerned about not qualifying for financing, consider working with a factoring provider like altLINE to get the contract funding you need.
When will I receive the cash advance when utilizing government contract financing?
altLINE offers a type of government contract financing called invoice factoring. The application process for factoring through altLINE can be as quick as a few days (as long as you are prepared to submit an application and send over the necessary documents), and once you are approved, you can receive same-day funding.
Is government contract financing debt or a loan?
It depends on the type of government contract financing you receive. For example, an SBA loan or microloan would, in fact, be considered a loan, which is a form of debt. While a line of credit is not considered a loan, it is another type of debt. Invoice factoring, which is the type of government contract financing altLINE offers, is neither a loan nor a type of debt because you are not borrowing any money – instead, you are selling your unpaid invoices in exchange for a discounted cash advance.
What are the requirements to apply for government contract financing?
To apply for government contract financing through altLINE, you must complete an application, provide a list of your existing and potential customers whose invoices you plan on factoring, and share an accounts receivable aging report. To work with altLINE, you must be a B2B company (meaning your customers are other businesses – not consumers) and have no more than 2 personal bankruptcies.
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Additional Resources
Managing Cash Flow with Government Contracts
Government contracts are often lucrative and make you a lot of money, but they often take a long time to pay. Lengthy payment cycles and late payments can put your business in a cash crunch, leading to a frustrating cycle of negative cash flow and increasing debt.
How to Win Healthcare Contracts
Starting and growing a nursing agency can be complex and challenging, especially when it comes to securing contracts with healthcare facilities, so we’ve put together a guide with strategies you can use to win contracts in the healthcare space.
