The largest purchaser of goods and services on the planet is the U.S Government. But not just anybody can sell to them, only qualified vendors will become federal trading partners. The General Services Administration (GSA) has many program tracks that assist small businesses in the process of becoming vendors, including training, forms, and contacts. They even have people dedicated to making sure small businesses get their foot in the door with the Federal Government.
The fascinating part of working with the government is they (the buyers) will provide extremely detailed specs on the work, what is to be done, how it is to be done, how much it should cost and what skills will be required. And if you bid on a solicitation and do not win, the government has to provide the exact reasons why they passed on your bid. You can do searches on your competitors and possible opportunities available in hundreds of agencies.
But with a contract in hand, having a factoring company on board can be a lifeline to the capital you need to perform on a consistent basis. Whether helping to purchase more products or keep up with increasing payroll, the ability to keep the cash flow moving is going to be critical to the ongoing success of working with the Feds. Using accounts receivable financing to immediately get paid on government invoices insures successful performance of contract specifications. And getting a contract is only the first step to being an award winning government contractor. Your performance in all phases of the contract is critical to ongoing collaboration with agencies – including having the financial backing to perform adequately. With invoice factoring, you can insure a positive outcome on your next contract.
Visit the GSA and get on the road to landing the biggest customer in the world.