contract Financing
Contract financing from Glove Finance Home helps businesses secure the funds they need to fulfill large contracts, whether in the private or public sector. Whether you’re handling a government contract, large commercial project, or other types of business agreements, contract financing provides the capital required to cover upfront costs, labor, and materials until payment is received. This financial product is essential for companies that face cash flow gaps while waiting for payment on long-term or large contracts.
Why Choose Glove Finance Home for Contract Financing?
Our team understands the dynamics of contract financing and can help structure the best solution for your business.
Enjoy transparent terms with clear fees and no surprises, making it easier to plan and budget for your project.
We know timing is critical, so our streamlined process ensures fast approvals and funding to keep your business moving forward
Loan amounts, repayment terms, and interest rates are all tailored to fit the size and duration of your specific contract.
Payments are due once your contract is paid, meaning there is minimal strain on your cash flow during the execution of the project.
Eligibility Requirements:
- Active Contract: You must have an existing signed contract with a reputable client or organization.
- Business History: Typically, you need at least 1 year in business, though we offer flexible options for newer businesses with strong contracts.
- Solid Financials: A history of positive cash flow and stable finances, though we focus on the strength of the contract rather than your assets.
- Contract Details: A signed agreement with clear payment terms, milestones, and contract value.
Application Process:
- Submit Your Application: Apply online or in person by providing details of the contract you’re seeking financing for.
- Provide Contract Documentation: Share a copy of the contract and any other relevant details (payment terms, milestones, total value).
- Review and Approval: Our team will assess the contract and your business financials, providing an offer with competitive rates and clear repayment terms.
- Get Funded: Once approved, the funds are disbursed quickly to help you manage upfront costs and complete the project without delay.
- Repayment: Once the client pays for the contract, the outstanding balance is repaid, and any remaining funds are yours to keep.