Several Ways Contract Financing Can Be Obtained

When it comes to funding a small business, sometimes your best bet is contract financing. What many business owners don’t realize is that an extremely effective way to do this is to put in a bid for a government contract. As long as your business provides services or goods needed by the government, you’re likely to be able to acquire funding this way. Contract financing can be obtained in several ways, so you’ll need to determine which is best for your business.

?SBA

If you a small to medium-sized business you can turn to the SBA for a loan. Your options include microloans if you only need a small amount of money. At the most, you will get a loan in the amount of $50,000. When you are launching a new business and need a financial boost, this one is likely your best option.?For larger businesses, the better choice is a 7(a) loan known as a CAPLines. This loan can get you as much as $5 million. (Click Here To Learn More)