Need to Improve Cash Flow?
Our Government Contract Line of Credit product is tailored to the unique business challenges of federal small business contractors. With a Contract Line of Credit, you can leverage monthly invoices by converting them to cash to fund related expenses.
The U.S. Government is making a concerted effort to award large contracts to small businesses. Before doing so, Contracting Officers are required under the Federal Acquisition Regulations (FAR – Subpart 9.1) to make certain that the potential awardee has the financial capability to execute the contract.
- Live Oak Bank will provide, at no cost, a financing commitment letter to ensure compliance with FAR- Subpart
- We offer a 90% advance rate on prime contracts; 85% on sub-prime contracts.
- 12 month term with option to renew
Whether you are refinancing existing debt, buying a business, or mobilizing on a new contract award, a Live Oak Bank Contract Line of Credit is available.