Frequently Asked Questions
If it's your first time engaging us, we know you have questions.  Mobilization Fund is a specialty funding source, unlike any other options available in the market. We want to make sure that your needs are fully met. 

On this page, we'll answer many of the most frequently asked questions. 

See below the FAQ's we've listed. If you still have questions, free free to contact us. One of our funding specialists will help you find the answers to your questions.
What is mobilization fund?
Mobilization fund is the money needed for the startup phase of a project. We offer this unique funding solutions to help small businesses to grow in the government market. (see more - click here -)

What are the qualifications for approval? 
Qualification is easy. The most important factor is your contract with the government. We use our own underwriting process to evaluate your company and each project. Some typical things we ask for are: award letter from the agency, business revenue, length of time in business, tax returns, financial statements and other similar items. 

Do I or my business need strong credit?
We look at the overall capabilities of your company. Your personal credit score and the business Paydex score is only used to get a better picture of your capabilities. 

Do you fund new companies?
Generally, we only fund businesses which have been operating longer than 12 months, however, we will consider new start ups. We can fund new companies as long as you meet all the other qualifications and can prove that you have the capabilities to successfully complete the project requirements.
What kind of rates do you charge?  
Rates vary based upon the strength of the company, your ability to fulfill the contract, who is the customer, and other risk factors. We'll work with you to determine the best rates and options for your projects.

What are simple interest fees? 
We charge a simple interest fee for the loan amount and for the loan term. When you receive a commitment letter from us, you'll see exactly what the rates and fees are before you agree on the loan.

What can I use the funds for? 
You can use the funds based on your needs associated to the project. Our funding is tied directly to the project you're seeking capital for. You may use it for:
     - bond premiums
     - payroll
     - insurance costs
     - vendors
     - subcontractors
     - overhead costs related to the project
     - materials, supplies, and equipment costs
     - plus other uses associated with your project
Can I use the funds for other purposes?
No, these funds are only approved for use intended with the specific project. It can not be used for other purposes not on the approval list which you created with us. Should you need other funding options outside of the scope of the project, we can help you with that as well.

When do I receive the funds? 
Funds will be available after closing. With the usage of our funds, we pay directly to your vendors, bonding company, subcontractors, suppliers, payroll company, etc. For certain items, such as overhead cost, we will allocate that directly to your company. 

How long does it take to get funded?  
Funding can be as quick as 1 to 3 business days for those who have been pre-qualified. There are two key phases, the qualification phase of the company and the project approval phase. We encourage you to get pre-qualified ahead of time so that when you need funding, all that's left is for us to evaluate the project and approve funding.
How long do I have to repay the loans? 
These loans are for short term use only, usually around 3 months. They are meant to help you get started on your contract. Should you need funding longer than this period, we have other more conventional options to help you. We'll work with you to set up a plan for the successful completion of your projects.

What are the loan sizes? 
We normally lend up to 20% of the contract value. In some unique situations, we'll consider lending more. Keep in mind this loan is intended for mobilization of your project. 

How much can I borrow? 
The minimum loan amount is $10,000 and we can lend up to $2 million. You can borrow up to 20% of the contract value.

Are there any up-front fees out of my pocket? 
No, you do not have to pay any upfront fees. There is a loan origination fee which is paid at closing from your loan.
How much is the loan origination fee? 
The loan origination fee is 6.5% of the loan amount. This fee is paid from your loan at closing. Members of the Government Contractors Association receives a member origination fee of only 5%. Join by - clicking here -

What other fees do I have to pay? 
There are a few other fees associated with taking a loan from us. There is a loan service management fee of $200 for each month you have the loan.

Do you require any personal collateral?  
We treat your contract as your collateral. No personal collateral is required to gain financing, unless you're a new start up or there are some rare risk situations, such as recent bankruptcy.

Will I need to personally guarantee the loan?  
There is no personal guarantee required, unless you're a new start up or there are some rare risk factors, such as recent bankruptcy. 

How does closing work? 
When the loan package is ready and you're ready to receive funds, then a closing date will be set. If you're within driving distance, closing will be at our office in Atlanta. If you're elsewhere, then closing will be done with a closing office of our choice.
What's in the loan closing package? 
The loan package includes: the promissory note, assignment of claims, UCC filing, funding analysis, schedule approved uses, and other similar documents.

How do I make payments on my loans? 
During the duration of the loan, the assignment of claims instructs the government to send the proceeds from your project directly into a special bank account called a lock box. Your loan payments are paid out from this account and the remainder amount will be dispersed to your company.

What happens if I'm late on my payments or go over the loan term? 
Since your proceeds from the project/contract goes into a lock box account and the payments are made to us from there, we don't foresee you being late on payments.

What happens if I default on my project?
If you default on your project with the government, we will work with you to keep your loan in good standing. Should you default on your loan, we will use every method allowed to us by the law to recover our funds.
What happens if the government terminates my contract?
If the government terminates your contract, regardless of cause, you will still have to repay for the funds which we have dispersed.

What is a UCC Filing?
A UCC (Uniform Commercial Code) filing is a lien that a creditor files to give notice that it has interest from a debtor. It is a claim against future receivables or company assets. When you receive funds from us, we will file a UCC claim. This is part of our way to ensure that you have the full commitment to make good on your loan. After the loan have been paid, a release will be issued.

Can I repay my loan early?  
Yes, you can repay your loan early, however, the simple interest fee will still be the same.

Can I get more money if I need It? 
Yes, we can provide you with additional funds for other projects which you have won. Our goal is to develop a long term relationship with your company. As you start to repay, you can become eligible for more money with better rates and better terms.
Are there any restrictions on how my loan can be used? 
You can use the funds for any purpose related to the project. In the fund request process, you'll tell us how you intend to use the funds and we'll approve the funds to be used exactly as your needs are. A schedule on the use of funds will be part of the closing documents. 

Will there be a site visit of my office?
Yes, usually there will be a site visit of your office for first time borrowers. If we choose to do this, it is usually done at our discretion and prior to closing or on the closing date. We're interested in building a long term relationship with your organization so meeting face-to-face will allow us to begin our relationship on a positive note.

If I have filed a bankruptcy in the past, am I still eligible for a loan?
Yes, if the bankruptcy has been discharged for at least one year. 

If I or my business owes taxes, can I still get a loan?
We generally do not lend to those with back taxes. However, we will consider your unique situation if you meet certain requirements and if there is a tax payment plan in good standing. Otherwise, we can not provide you a loan.

Do you require documentations from my partners?
Yes, we may ask for documentations from all the partners in the company.

Don't wait until you need funding, get pre-qualified ahead of time.

Complete the form on the right side to get the funding process started.
There is no obligation from you or from us. This will simply let us know that you're interested in seeking funding from us.

One of our funding specialists will review your request and set up a time to thoroughly go over how our funding program work. This is the perfect time for you to ask all of your questions.
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