Working with the government can be complex. On the one hand, the security and longer-term relationships inherent in a government contract can be a boon to your business. However, government payment processes for products and services can take months. To make sure you have enough working capital to cover your expenses, while delivering on your contract, consider invoice financing.
Invoicing financing allows you to leverage your current working capital in order to receive a cash advance. UMB will follow up with the government regarding payment and will work to ensure the invoice is paid. We are familiar with the complexities of doing business with the government, and can help you navigate the invoice documentation and reporting it requires.
Efficient Administrative Support
Back office accounts receivable support is included with every financing package we provide. We will review income reports with you face-to-face to ensure you have a complete picture of your business volume and outlook. With that information, you can better prepare months and even years ahead to make sure your business survives and thrives.
UMB can meet the financing needs of the government receivable industry while still being nimble enough to process working capital programs quickly. Alternative lending can help companies bridge the financing gap left by traditional banks.
For more information about how UMB can help your company, contact us today.