Why Wait to Get Paid by the Government?
Performing contract work for government agencies can lead to steady, reliable income for your company. The federal government alone paid out $439 billion last year across more than 31,000 contracts. Federal law requires that at least 23% of that contract work go to small businesses.
The problem is that government agencies can wait as long as 120 days to pay their vendors. This can hurt your company’s cash flow, making it more difficult to pay your employees and suppliers. You likely have already waited months to win the bid on a government contract. Why wait months longer to get paid?
Same-Day Payments on Receivables
One solution is RTS Financial’s Early Pay program. We fund your government receivables within 24 hours, making it easier to build cash flow, meet expenses and grow your business.
With more than 20 years in the business of funding receivables, RTS Financial assists a wide range of companies that perform contract and subcontract work for local, state and federal government agencies. With Early Pay, your company builds cash flow instead of waiting to be paid for your contract work.
How Early Pay Works in Four Simple Steps:
- You complete a service for a government agency.
- You send your paperwork to RTS Financial.
- You receive early payment on your invoice from RTS Financial.
- RTS Financial collects full payment from the government.
Benefits of Working with RTS Financial:
- Highly competitive advance rates
- Online account access and easy uploading of documents
- Free collections and other back-office services
- Access to funding is based on the government's credit, not your company's credit or business history
- As your contract work increases, the cash flow from RTS Financial matches your company’s growth
Funding for Any Government Receivable
RTS Financial funds receivables for all government agencies, including the following:
- Department of Defense
- General Services Administration
- Department of Agriculture
- Department of Education
- Department of Energy
- Department of Health and Human Services
- Department of Homeland Security
- Department of Commerce
- Department of Housing and Urban Development
- Department of the Interior
- Department of Justice
- Department of Labor
- State Department
- Department of Transportation
- Department of Treasury
- Department of Veterans Affairs
- All U.S. state governments: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming
- All municipalities and other local governments