Financial Resources
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Funding Options
Line of Credit
Establishing a line of credit can provide financial flexibility during uncertain times. Consider these options:
- OppZo - Specialized financing for government contractors with fast approval and flexible terms
- Atlantic Union Bank - Virginia-based bank offering business banking services, lines of credit, and financial solutions since 1902
- Sandy Spring Bank - Maryland-based community bank providing business banking, loans, and lines of credit for various industries
- Parabilis - Specialized financing solutions for government contractors
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Financial Planning Tools
- Cash Flow Tracker (Coming soon!) - Monitor your business's cash flow to anticipate and address potential shortfalls
- Project Finance Considerations - Evaluate the financial aspects of each project to ensure profitability
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Impact on Indirect Rates
- Monitoring - Regularly track your indirect rates to identify trends and potential issues
- Recalculation of Provisionals - Be prepared to recalculate provisional rates if circumstances change
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Budgeting
- Monitoring Budget to Actuals - Regularly compare your actual expenses to your budget to identify variances
- Scenario Planning Considerations - Develop multiple budget scenarios to prepare for different outcomes
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State and Local Resources
- Maryland Resource Directory for Federal Workers - Includes unemployment insurance benefits, career guidance, and reemployment support
- Fairfax County: Workforce Restructuring Assistance - Provides residents affected by federal workforce restructuring with job search support, financial aid, and info on community programs
- Arlington County: Federal Employee Assistance - Resource page offering local support services, job search assistance, and financial guidance
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Small Business Financial Resources
- SBA Funding Programs - Information on loans, investment capital, disaster assistance, and grants
- SCORE Financial Templates - Free templates for financial planning and management
- Minority Business Development Agency - Financial resources specifically for minority-owned businesses
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