Contractor Cash Flow Fund
Contractor Cash Flow Fund
The Contractor Cash Flow Fund is available to support local contractors who need to capitalize the first 90 days of labor and materials on a new contract awarded by a Prince George’s County department or agency.
Other terms include:
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Direct Lines of Credit between $25,000 and $250,000;
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Interest at Wall Street Journal published Prime Rate plus 2 ¾% to 5%;
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Term is negotiable;
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Provide interim financing for the start-up phase of the contract, while the contractor pursues a line of credit for permanent financing of the contract; and
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Typically, no out of pocket costs.
Minimum Loan: $25,000
Maximum Loan: $250,000 ($100,000 for start-ups)
Term: Up to 1 year
Interest Rate: Negotiable
NOTE: This program has been in existence since 2008.
If you are ready to apply for the Contractor Cash Flow Fund now, please click here or call 301-883-6900.
