Turn Unpaid Invoices into Working Capital
Staff, instructors, and program costs are paid continuously through the term.
Billing is submitted per the contract, often monthly and tied to service documentation.
District or institutional review, purchase order matching, and board approval add weeks.
Payment is disbursed, frequently tied to funding cycles rather than invoice date.
Yes, and the credit quality is usually a strength. Districts pay slowly but reliably, which is the profile receivables financing handles well. Assignment language in public contracts does need review, which we handle before proposing a structure.
Receivables-based facilities expand and contract with billing volume, which suits an academic calendar better than a fixed-limit loan. Summer troughs and fall ramp-ups should be discussed up front so the facility is sized for your heaviest months.
It depends on the structure of the receivable and the terms of the grant. What matters is whether there is an enforceable obligation owed to you for services delivered. Grant-backed billing is often financeable, but the underlying agreement needs review first.
It matters for how the facility is structured and sized, since the real collection period is longer than stated terms. Being upfront about actual days-to-pay rather than contractual terms leads to a better-fitting structure.
This is a common reason providers reach out. A facility sized ahead of the expansion lets you fund staffing and program costs for new contracts without straining cash tied to existing ones.
