Government Contract Lending

MainStreet Bank provides a variety of financing solutions specifically designed for government contractors in Virginia, Maryland, and DC. We offer loans to help you meet the demands of new contracts and lines of credit to provide crucial working capital when you need it most. Additionally, we offer letters of credit to help you confidently conduct business. Our experienced team understands the intricacies of government contracting and can guide you through available financing options, including progress payments and performance-based payments. While MainStreet Bank doesn’t directly factor invoices, we partner with trusted firms who specialize in this service and can connect you with them to explore those options. We’re committed to working with you to identify the optimal financing structure to support your company’s growth and achievements.

Cash flow is a critical concern for many government contractors, especially when waiting on invoice payments from the contracting agency. MainStreet Bank’s financing solutions can help bridge the gap between completing work and receiving payment, ensuring you have the working capital needed to meet payroll, purchase supplies, and invest in growth. By leveraging options you can flow and have greater financial stability. Our team will work with you to develop a financing strategy that aligns with your contract terms and business needs.

At MainStreet Bank, we pride ourselves on being the preferred banking partner for government contractors in the DMV region. We have decades of experience working with contractors across various agencies and contract types, giving us a deep understanding of the industry’s unique financing needs. Our team offers a level of attention and expertise that larger banks often can’t match. We take the time to build personal relationships with our clients, providing guidance and support at every stage of the contracting process. Whether you’re a small business just starting out or a well-established firm, we’re committed to your success.

When selecting a financing option for your government contract, there are several factors to consider. First, evaluate your contract terms and pricing structure to determine which financing methods are allowable and appropriate. Next, assess your working capital needs and cash flow projections to determine how much financing you require and when. Consider the costs and terms of different financing options, such as interest rates and repayment schedules. Finally, work with a trusted financing partner like MainStreet Bank to develop a strategy that aligns with your business goals and risk tolerance.

In addition to providing financing solutions, MainStreet Bank offers a full suite of banking services to support government contractors in Virginia, Maryland, and DC. We can help you streamline your financial operations with cash management tools, merchant services, and online banking. Our team can also provide guidance on compliance issues, such as the Assignment of Claims Act and Federal Acquisition Regulations. As your business grows and evolves, we’ll be there to support you with a range of lending options, from equipment financing to commercial real estate loans. Our goal is to be a long-term partner in your success, providing the personalized attention and expertise you need to thrive in the competitive world of government contracting.