You’ve won a contract! Congratulations!

But you don’t get paid for 30, 60 or 90 days. How will you cover costs to get started?

 

WHC can help! Here are the 7 Steps for Contract Financing with WHC

1. Secure a contract!
2. Use the form at the bottom of this page to request a link to a lender and application.
3. Complete your application through the lender’s contractor financing portal.  
4. Upload the required documents (which we will send in your confirmation email).
5. Work with the lender to submit documents and enter underwriting.
6. If approved, the underwriting team will finalize your request.
7. If you accept, you will receive the funding.

How Contract Financing Works

Contract financing is a financial arrangement where a company obtains funding based on future payments it expects to receive from a contract. This can be particularly beneficial for businesses that have secured significant contracts but need immediate capital to fulfill their obligations, such as purchasing materials, hiring staff, or investing in equipment.

Benefits of Contract Financing

• Improved Cash Flow: By providing immediate access to funds, contract financing can help businesses manage cash flow effectively.
• Increased Revenue: With additional capital, businesses can invest in growth opportunities and potentially increase revenue.
• Reduced Risk: Contract financing can help mitigate the risk associated with long-term contracts.
• Flexibility: Different types of contract financing offer various levels of flexibility to suit different business needs.

To Begin the Process

To begin, complete this form and submit. Make sure your email is typed correctly! You will receive an email with a link to the recommended lender’s application.

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