Bank Said NO... Then He Made MILLIONS! Government Funding Secrets

Описание: Thanks to Encore Funding for sponsoring today’s video. Use my link to get a Free consultation on how to receive capital for payroll funding and unlimited growth. http://govcongiants.org/funding

In this video, Eric Coffee sits down with Craig Cohen, VP of Business Development at Encore Funding, to break down how government contractors can access capital—even when banks say no. Many small businesses struggle with cash flow because banks don’t understand the value locked in government contracts. Craig explains how accounts receivable financing works, allowing contractors to get paid upfront for their invoices instead of waiting 30-90 days.

You’ll hear real success stories, like a facilities maintenance contractor who doubled his business overnight after securing funding—something his bank refused to do. Craig also debunks myths about alternative lending, including cost misconceptions and eligibility fears. Unlike banks, Encore doesn’t require perfect credit or years in business. They specialize in government contracts (federal, state, and local) and focus on services, though goods with services may qualify.

Key takeaways:
Banks reject contracts—they don’t understand future-value assets.
Factoring isn’t predatory—it’s a practical way to unlock cash fast.
No "second-class" borrowers—past credit issues or new businesses can qualify.
Grow without limits—funding scales with your contracts, not arbitrary bank caps.
Whether you’re a startup or a seasoned contractor, this conversation reveals how to stop leaving money on the table and start fueling growth. Watch now to learn how to turn unpaid invoices into working capital—today.

⏰Time Stamps:
00:00 - Why banks don’t finance government contracts
00:45 - Introduction to alternative financing options
02:08 - Craig Cohen’s banking background & transition to specialty finance
07:17 - How accounts receivable financing works for government contractors
10:07 - Why banks reject contract-based funding (real-world examples)
12:38 - The hidden value in government contracts (banks don’t understand)
16:00 - Biggest misconception: "Banks are the only funding option"
20:17 - Success story: Contractor doubles business with Encore’s financing
25:49 - Eligibility factors (no minimum credit score/time in business)
30:29 - Second-chance lending for entrepreneurs with past challenges
33:05 - Financing for state/local government contracts (not just federal)
38:08 - Factoring explained (how it really works vs. myths)

📲Govcon Giants Contact Info;
👉 Text or Call our office for help: 786-477-0477
👉 Email your questions @ [email protected]

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#govcon, #wingovernmentcontracts, #governmentcontract #governmentcontracting #federalgovernment #governmentcontracts,

Book Recommendations:
📖Launch your Government Contracting business: https://govconeric.com/launchbook
📖Suggested Reading: https://govconeric.com/books

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