Live Oak Bank’s government contracting line of credit loan solution is tailored to the help federal small business contractors overcome their unique business challenges. We offer an SBA express line of credit for loans up to $350,000 and an asset-based line of credit for loans exceeding $350,000.
For loan amounts that equal $350,000 and below, a contractor can draw on the line of credit whenever needed to cover business expenses. For loans totaling $350,000 and above, a government contractor can leverage monthly invoices by converting them to cash to fund related expenses based on the contractor’s monthly accounts receivable. Live Oak Bank is an FDIC regulated institution, which allows us to provide capital to government contracting firms at lower rates than other lenders might be able to provide.
Securing capital when you need it is critical to the growth of your small business—and all small businesses. Live Oak’s government contracting line of credit products provides federal government contractors with the flexibility and capital they need to scale.
Whether you are refinancing existing debt, buying a business or mobilizing on a new contract award, a Live Oak Bank contract line of credit loan could be a good option to help you get your firm where you want it to be.
