BusinessCash Sees Boost in Government Contract Funding Demand
BusinessCash has experienced a boost in factoring lines of credit in the third and fourth quarters of 2014 with a surge among the Washington D.C. and New York tri-state areas.
BusinessCash has experienced a surge in government contract invoice factoring and purchase order financing in the third and fourth quarters of 2014. This growth has been seen in all levels of government contract funding; federal, state and local. According to the U.S. Commerce Department growth has been stimulated by a sharp increase in government spending, which itself was boosted by a surge in defense expenditure. BusinessCash has seen the most growth in government contract fulfillment and funding within the Washington D.C. and New York tri-state areas.
According to the Bureau of Economic Analysis, the increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and state and local government spending. BusinessCash’s national sales manager, Chris Curtin stated “The increased spending from federal, state and local governments has directly impacted our own growth in the third and fourth quarters of 2014. We have successfully assisted multiple federal government contractors with their payroll and met their cash flow needs in order for them to take advantage of the current spending surge.”
BusinessCash expects to see continued demand for government contract financing and other government contract working capital solutions into 2015. “The most recent IMF forecasts suggest the US economy will grow 3.1% next year and 3.0% in 2016,” said Ben Brettell, senior economist at Hargreaves Lansdown stockbrokers.
Since 1998, BusinessCash.com has offered solutions to tough business cash flow problems including; extreme cash flow issues, rising expenses and shrinking profit margins. From wholesalers to temp staffing agencies, from government contractors to oil and gas industry suppliers; business owners have successfully grown their companies through Invoice Factoring, AR Management, Credit Protection and Purchase Order Funding with BusinessCash.com. To get funded now, please call 866-598-4295 or visit http://www.businesscash.com