There are a few new lenders in the contract financing realm that are working with small businesses that have locked-in contracts with customers and need working capital. These lenders advance money on work contracts so that small businesses have funds for day-to-day operations before payments on the work contract kick in.
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Typically, a small business will seek out contract financing when they enter into a contract larger than any previous engagements and need immediate capital in order to fulfill the contract while also managing other business obligations.
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