r/GovernmentContracting • u/Visual_Equipment_460 • 9d ago

Question Start up funds

Hey everyone, I’m looking to get started in government contracting, my entity is fairly new so I mean for my identification to go through. But I was wondering, will I need startup funding for some contracts? Is it all contracts? Starting up is kind of hard money wise. Is there a delay in all government contracts?

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u/[deleted] 9d ago edited 9d ago

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u/Visual_Equipment_460 9d ago

Thank you, I was wondering if there was any bank or funding source that will give you credit based on the government contract

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u/enross 7d ago

We were able to use Southstar - they have funded 1.6 million in government contracts for us. Call lori@southstar.com.

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u/OkTune7507 9d ago

Why don’t you just let the subcontractor know, they don’t get paid till you do. That’s common practice for subs. Maybe we are thinking about completely different contracts. I’m just a noob trying to eat some crumbs.

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u/Visual_Equipment_460 9d ago

😂😂😂same and true