According to All Business.com, the federal government is about to launch a massive upgrade of its computer systems that should present a multibillion-dollar opportunity for small technology vendors.
All Business.com cites a BusinessWeek report that the General Services Administration has already advanced contracts to upgrade the government's phone and computer systems, and the contracts include a $35 billion set-aside for small, minority, and disadvantaged businesses.
The contracts are considered just the tip of the iceberg as the government gears up to overhaul its communications and information technology systems over the next 10 years.
As I mentioned in my posting on government contracts funding, if you're providing products or services to the government or to a prime contractor fulfilling a government contract, don't get caught in a working capital squeeze. Cost effective financing is available - feel free to give me a call and see if I can help.
Need help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans"
Related Tags: government contracts, federal contracts, factoring, accounts receivable, business loans, bank loans, AllBusiness.com, GSA, working capital, cash flow, Business Week
No comments:
Post a Comment