ARFunding.org has many finance programs designed for Minority Business Enterprise/Disadvantaged Business Enterprises, or MBE/DBE funding needs to take on larger jobs and contracts. Numerous working capital solutions are available for small businesses through our large corporations, federal, state, and local government MBE/DBE funding programs. We believe every type of business should have critical resources at their disposal. It is ARFunding.org’s goal to create as many success stories as possible.
Corporate America and all levels of government in the US have purchasing programs to do business with MBE/DBE. Government contract financing is a good way for businesses to fund operational expenses that come along with doing business with the government. Our government assigns contracts to private companies throughout America. Getting a government contract can be exciting, but the overall cost of completion (or even starting) can be a considerable burden. Other projects can become stalled or not get started because all available funds are being used for the government contract.
Sometimes even worse situations can develop as a result of receiving a government contract. When all of the company’s money is tied up, there’s nothing left to pay the employees or cover day to day operating expenses. One good way to avoid the company reaching a point where it’s unable to operate is to sell its government contract invoices to a trusted, experienced factoring company like ARFunding.org.
What Programs are Available For Minority and Disadvantaged Business Enterprise(MBE/DBE)?
Many businesses are undercapitalized, to begin with, and can’t take advantage of the government contracts available to them. Since 1998, ARFunding.org has been meeting the needs of minority and disadvantaged businesses through:
Letters of Comfort or Financial Capability Certification Program:
This program provides customers with contingent financing commitments so that they can demonstrate to government contracting officers and large US corporations that they possess the financial wherewithal to execute on contract awards. This results in our customers winning more, and more significant, contract awards.
Vendor Guarantee Programs:
Primarily, the supplier is relying on the credit and guarantee of ARFunding.org for payment of the goods. In a supplier guarantee, the vendor must at least agree to produce the goods initially. ARFunding.org will guarantee the vendor that once the goods have been shipped, and accepted by the end-user, that funds generated from the factoring of the invoice will be wired directly to the supplier. The balance between payment of the purchase order and the gross amount of the invoice will then be wired to you.
Work in Process (WIP) Funding:
Work-in-process (WIP) is part of a company’s inventory that is partially complete. ARFunding.org is one of the few non-bank lenders offering WIP financing. There are many factors involved in funding a WIP, including close evaluation of the manufacturing process to ensure a quality product that is delivered on time. We can leverage our manufacturing expertise to help mitigate risk for all parties involved.
Purchase Order Funding:
Purchase order financing gives you the ability to have goods available for your clients from your sources before an invoice is generated. If you are a product importer, jobber, reseller or distributor, and need capital to deliver a large purchase order, then purchase order funding can be a solution to fuel your business with the cash you need to deliver your orders and grow your business.
AR Management and Credit Protection:
Invoice Factoring is a form of Accounts Receivable (AR) Management. Every Fortune 1000 company in the world utilizes it as a tool (HP factored $2 billion in AR 1st quarter 2014) or pays the factoring company of their vendors, suppliers, and service providers. We currently manage the AR credit protection, collections and cash advances for clients receiving payment to us on their behalf from Wal-Mart, Comcast, Neiman-Marcus, Textron, Time-Warner, AT& T, Westower, the US military, and many state/local/city governments to name a few.
Through our government contract factoring program, we can give you the cash that fuels your business. We understand the FAR, the culture of government and dealing with the government bureaucracy. Factors have money available now for local, state, and federal contracts in the US. We are currently funding IT staffing, lawn contracts, GCs, demolition, painters, concrete, HVAC, paving, and site preparation companies to name a few.
ARFunding.org is registered in SAM and is compliant with the Assignment of Claims Act. We have factored federal government receivables from most departments and agencies, as well as working closely with many of the most significant Prime Contractors and the DOD. Registered Minority or Disadvantaged Business Enterprises have some incredible opportunities that aren’t generally accessible to other small businesses.
Every state has its own particular Minority Supplier Development Council typically by the department. For example, here is a list provided by the US Department of Transportation to all the State DOT and DBE Program Websites. ARFunding.org has experienced funding our clients with all levels of government and Fortune 1000 supplier diversity programs.
With Our Simple Steps & Fast Process, Get Your AR Funded Today!
Apply Securely Now | 866-574-1714 | Email
These links are intended to help you make new relationships with Corporate America as well as local, city, state, and federal government purchasing programs. We will continue to add to this list to help our MBE/DBE clients.