On July 2, dozens of CEOs joined Parabilis and Foresight CFO for a webinar on accessing capital, building financial strength, and maximizing use of Paycheck Protection Program (PPP) money. In a time of recession and economic uncertainty, the webinar helped small business government contractors scale quickly and durably.
CEOs who attended the webinar learned how to:
- Access capital for future needs
- Determine when debt is the right tool for growth
- Use capital to build infrastructure
- Make your company resilient
Accessing capital may be the biggest challenge facing government contractors. With small margins and a contract-dependent business model, you don’t fit the norm for investors and banks. But without capital, it’s hard to secure contracts and even harder to fulfill them.Debt is one capital tool that every contractor will need at some point in the life-cycle of their company. Too often, CEOs seek debt during emergencies such as scaling quickly to fulfill a contract or trying to keep staff employed after losing a contract. These circumstances put them at the mercy of merchant cash advance and factoring companies which have costly hidden fees
Parabilis’ debt is designed to help companies grow through a transparent, flexible, strategic process. We often, however, refer clients to financial strategy firms like Foresight CFO because debt without a long-term plan does more harm than good. These companies offer:
- Expertise in long-term financial planning
- A full suite of accounting services
- Affordable advisory services
- Fast integration into your team
- Tailored approaches to your company’s specific goals, challenges, and circumstances
CEOs who are looking to scale quickly and durably must look past today’s contracts to see three to five years down the road. Hiring an outside firm to examine your balance sheet, turn the tax code into an ally for growth, and help you build an infrastructure is what will transform your company into a contracting success story.