Updated onSeptember 22, 2023
Contract Financing: Everything You Need to Know
Reviewed by: Kal Salem, MA Accounting - Arizona State University
Fact-checked by: Joe Templin, Charted Financial Consultant - CAP
This app literally changed my like. It provides a great experience. I absolutely love it!
Final Word
If you have a signed contract from a reputable client without the funds to start work, then contract financing is a very attractive solution. That’s especially true if a bad credit score makes other loan types cost-prohibitive.
But contract financing only works when there are clear details within your contract. As you negotiate a contract, make sure to get set milestones and payment terms built into the contract.
About the Authors
Written by: Sarah Sharkey
Sarah Sharkey is a personal finance writer who enjoys helping people make better financial decisions. Sarah enjoys traveling, hiking and reading when she is not writing.
More about meReviewed by: Kal Salem
A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC
More about meFact checked by: Joe Templin
Joe Templin is a Charted Financial Consultant (ChFC), MCEC, CEC, CLU and CAP with well over three decades consulting, coaching, and teaching. He's an author of the Amazon Kindle #1 New Release "Every Day Excellence" and host of The Human Kaizen Podcast.
More about me