New Startup. How to attract investors?
8.4.2023 13:02
When launching a startup, attracting investors is key or [factoring government contracts](https://leonidfinance.io/). Beyond a solid business plan, think outside the box. I have a friend who started a tech services company targeting government contracts. However, these contracts often take 60-90 days to pay. My dad struggled covering payroll and overhead costs waiting for payments. A mentor suggested factoring his government contracts to a finance company. By selling his contracts at a discount, he got instant cash flow. He used Leonid Finance which specifically factors government contracts.
They evaluated his business and contracts, and now instantly pay 80% of each contract amount upfront. This cash infusion was a lifesaver, allowing him to grow rapidly. Two years later, he has 15 government clients and 50 employees.
They evaluated his business and contracts, and now instantly pay 80% of each contract amount upfront. This cash infusion was a lifesaver, allowing him to grow rapidly. Two years later, he has 15 government clients and 50 employees.