Many small businesses win purchase orders or \; government contracts but lack the available cash flow or bonding capacity to perform. This workshop will help participants understand how to secure working capital through purchase order and contract financing\, meet bonding requirements\, and position their company for larger contract opportunities.
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\n\nWhat are alternative funding options and why do I need them?
\n\nPurchase order (PO) and contract financing are used by small businesses to cover the costs of fulfilling a customer'\;s order or a large contract when they lack immediate capital. \;
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\n\nDo I need to have bonds?
\n\nBonds are often required for state and local government projects\, with specific state and local requirements for contractors. Bonds guarantee performance and payment to subcontractors\, with a three-party contract involving the principal\, obligee\, and surety. \;
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\n\nWinning a big order or government contract is only half the challenge\; \;
\n\nfinancing and bonding it are the other half. \;
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\n\nJoin experts Bob Jaskiewicz and Larry Polec for a practical session on how small businesses can use purchase order and contract financing to fund performance\, meet surety bonding requirements\, and strengthen their capacity for larger opportunities. This in-person event will cover the following topics:
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\n\nPurchase Order Funding - Access capital for growth
\n\nWhat types of small businesses should consider purchase order or contract financing?
\nWhat is purchase order (PO) financing and when is it appropriate?
\nWhat&rsquo\;s the difference between PO financing\, factoring\, and contract financing?
\nHow can small businesses use these tools to fulfill large government or commercial orders?
\nWhat are the key costs\, risks\, and lender expectations?
\nHow does purchase order financing work?
\nWhat are the benefits of purchase order financing versus other operating capital options?
\nBonding - Guarantee performance and payment
\n\nWhat types of small businesses should be aware of bonding requirements?
\nWhat are the benefits of surety bonding for small businesses?
\nHow does a small business qualify for bonding?
\nWhat costs will the small business incur?
\nDo higher levels of surety bonding have additional requirements?
\nWhen is a surety bond required in government contracting?
\nWhat does it mean to be &ldquo\;bondable&rdquo\;?
\nHow can small businesses qualify for bonding or increase bonding capacity?
\nWhat are common mistakes that prevent contractors from obtaining bonds?
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\n\nSpeakers: \; Bob Jaskiewicz and Larry Polec
\n\nBOB JASKIEWICZ: \; Robert (Bob) Jaskiewicz is a graduate of Michigan State University and served on the faculty of Michigan State from 1972 until 1985. \; Bob has been in the Alternative Finance Industry from 1986 until present. \; Founded by Bob\, 1776 Capital Finance LLC specializes in working with start ups as well as established businesses who sell to business or government\, but are not able to obtain traditional bank financing. 1776 Capital Finance LLC provides funding using your business or government purchase orders or invoices as collateral.
\n\nLARRY POLEC: For more than 35 years\, Larry Polec has been actively helping small and emerging and scaling businesses achieve their goals through various surety programs\, including the SBA.
\n\nLarry served as Project Director of Risk Management for the Detroit Bankruptcy Team overseeing the risk mitigations efforts to reduce claims in addition to identifying and implementing resources to improve the City&rsquo\;s comprehensive insurance program.
\n\nLarry has presented surety seminars to Johns Hopkins University\, City of Detroit\, Minority Enterprise Week (United States Department of Commerce)\, City of Atlanta\, Indiana Department of Administration and others.
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\nThis event is co-sponsored by the Illinois APEX Accelerator Center and the Illinois Small Business Development Center which are both part of the Turner Center for Entrepreneurship at Bradley University. LOCATION:Peoria Next Innovation Center A114 \, 801 W Main St\, Peoria\, IL 61606 UID:e.526.7523 SEQUENCE:3 DTSTAMP:20260418T071534Z URL:https://epcc-gzcms.preview.gochambermaster.com/events/details/get-contract-ready-funding-and-bonding-tools-for-small-companies-who-sell-business-to-business-or-business-to-government-7523 END:VEVENT END:VCALENDAR