OppZo

One thing SMBs need the most is access to fair, easy, and affordable working capital. But what does that mean? > Fair: Clear and transparent terms and conditions. > Easy: Straightforward procedure without hassle. > Affordable: Favorable interest rate and fees. The lending industry lacks in providing these to the SMBs, especially to government contractors. Let’s look at the available financing options versus the interest rates. Traditional bank loans - 6.25% to 9% Business lines of credit - 3% to 39.90% Online loan - 3% to 60.9% Merchant cash advances - 1.1 to 1.5 factor rate Invoice factoring - 1% to 6% factor rate The rates vary depending on loan amount and terms. There are other red flags as well, which must not be overlooked: - Lack of transparency - Long, tiring process - Hidden fees These are some issues that OppZo resolves. We provide a streamlined process, complete transparency, and accelerated timelines, with money transferred as soon as 24 hours after approval. DM us “Capital” to know more about your financing options. . . #govcon #SMBGovernmentContractors #Innovation #entrepreneurship . . OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you're looking for working capital: https://lnkd.in/edmdGwUX.

May buzzed with networking events! Our CEO and Co-Founder, Warren R.. represented OppZo at several key events in the last two weeks. The VETS24 Conference hosted by National Veteran Small Business Coalition - NVSBC was the highlight of the month. From expert-led masterclasses to meaningful discussions with federal agency representatives, large prime contractors, veteran entrepreneurs and small business owners - the event was a success! Shoutout to Scott Jensen, and Scott Semple for putting together the amazing event. OppZo also had a great time at the Emerging Technology and Innovation Conference 2024 hosted by American Council for Technology - Industry Advisory Council (ACT-IAC). We learned a great deal about technological advancements – particularly in AI - their use cases and how govcons can ride the tech wave. Arun Gupta’s insights on the role of industry and government in supporting tomorrow’s leaders were worth-listening. And the most inspiring event: Women Tech Leaders Summit organized by GovCIO Media & Research. A thorough discussion was done on the developing tech and recruitment landscape for women, providing opportunities for partnerships and networking. These events were especially worthwhile given OppZo’s mission to support veteran entrepreneurs, women-owned businesses and minority businesses.  . . . At OppZo, we provide up to $3M of fair and affordable working capital to SMBs without a personal guarantee, helping them bridge the gap between initial expenses and government payouts. Is access to affordable working capital a pain point for your business? DM us with "GovCon Capital" and let's talk. #govcon #SMBGovernmentContractors #Innovation#entrepreneurship OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you're looking for working capital https://lnkd.in/edmdGwUX.

93% of SMBs faced financial challenges in 2023. More firms are using financing. However, satisfaction levels with lenders have gone down. These are some observations from the 2023 Small Business Credit Survey (SBCS). Some of the most common challenges stated by borrowers: > High interest rate  > Unfavorable repayment terms  > Difficult application process  > Long wait for credit decision or funding Those who did not apply stated reasons such as: > Lack of business financials > Lender requirements too strict > Lenders do not approve financing for their business type OppZo aims to make financing accessible and affordable - especially for SMB government contractors. We are diving deep to understand the cause of declining satisfaction levels. In the poll below, answer which kind of lender you contacted. In the comments, share your experience, good or bad. And if you did not, tell us why. DM us if you are unsure if you would be eligible for financing, and we can discuss your case in detail. . . . 🔔 OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you’re looking for working capital. #govcon #SMBGovernmentContractors #Entreprenuership

Excited for our portfolio company, Eolian, that’s revolutionizing defense technology via AR/VR. Eolian recently rolled out the ARTAK (Augmented Reality Team Awareness Kit) for our special forces (think Navy Seals). Their mission is to help ensure America wins her next war.   ARTAK is a mission planning and command & control platform. It brings together staff and commanders into a digital environment where they can view and experience 3-D maps and sensor data - to make informed decisions. This is amazing. A huge shout out to the team, especially the co-founders Michael McCormack, Michael Simmons, and John Cannizzaro, for their commitment and passion throughout the journey. OppZo is proud to have partnered with Eolian to help them secure financing. It’s always a pleasure supporting GovCons who are onto something truly groundbreaking. Learn more about EolianVR's game-changing solutions at: https://eolianvr.com/. . . . Are you a GovCon working in the defense tech space? ✨ Register with Oppzo today for working capital financing and unlock the potential of government contracts for your business:  https://lnkd.in/edmdGwUX #govcon #SMBGovernmentContractors #Innovation #entrepreneurship

Many SMBs are losing millions of dollars because... > The bidding process is complex > There's stiff competition from established businesses > They need working capital that often is expensive and requires a personal guarantee These are prevalent issues we addressed at the Midwest Government Contracting Summit. A premier training and networking event, hosted by Illinois APEX Accelerator and Marcus Streeter designed to help GovCons "WIN" in federal contracting. Our CEO and Co-Founder, Warren R. spoke on the Finance Panel in the morning to discuss government contract financing and answer the audience's questions. At the event, we saw a lot of SMBs need immediate support with their finances. And we are happy to extend a hand to help them secure fair and affordable financing. At OppZo, we provide up to $3M of fair and affordable working capital to SMBs without a personal guarantee, helping them bridge the gap between initial expenses and government payouts. Is access to affordable working capital a pain point for your business? Would love to discuss how we can support you with the finances you need to complete projects successfully without strain. DM us with "GovCon Capital" and let's talk. #govcon #SMBGovernmentContractors #Innovation #entrepreneurship 🔔 OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you're looking for working capital https://lnkd.in/edmdGwUX.

Successful Government contractors make at least 15% profit. However, those with fixed-price contracts are not reimbursed for overruns. And most SMBs can’t afford to go over budget. Hence, understanding the financial risks is paramount for business operations: 1. Delayed payments: The Prompt Payment Act requires the government to pay companies 30 days after invoicing. In reality, this can take up to 60 days or longer. 2. Change in project scope: Contract deadlines and obligations may change. Therefore, SMBs must anticipate shifts and adjust pricing accordingly. 3. Strict compliance regulations: Federal regulations (like FAR) are complex and ever-changing. Failure to comply leads to fines, disallowed costs, or contract extermination. Since cost overruns, non-compliance, and delayed payments can devastate finances and reputation, SMBs need robust strategies to mitigate financial risk: > Accurate budgeting: Budgets should align with cash flow forecasts. Regular analysis ensures budget variances can be dealt with promptly. > Cash flow forecasting: Include historical analysis, revenue projections, expense projections, and account for payment delays. > Timely invoicing: Use the correct invoicing system for your contract and agency, such as Wide Area Workflow (WAWF), Invoice Processing Platform (IPP), or the System for Award Management (SAM). Accurate cost estimation is the foundation of effective cost management. Budgeting software and industry expertise (counsel and access to working capital) can help identify potential risks and ensure consistent cash flow. Of course, there are other reasons for strong contract risk management. See below. 👇 Anything else you'd add? Credit: Gross Mendelsohn and Spotdraft #govcon #SMBGovernmentContractors #Innovation #entrepreneurship 🔔 OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you're looking for working capital https://lnkd.in/edmdGwUX .

Had a great time at Tampa Gov't Contracts Week and HIMSS '24 in Florida. ⬇️ Big shoutout to the organizers at the 2024 Tampa Federal Government Contracting Forum Federal Publications Seminars— this is one of the most substance-rich events in the space. You rarely see conferences as committed to sharing nuts and bolts knowledge in detailed curricula: From Luis Avila's macro trends and key indicators shaping organizational strategy to Tom Reynolds and Avani R.'s deep dive into Whistleblower Allegations under FCA, and impact on the GovCon industry - high-quality content and speakers who truly know this space. Always a pleasure. The government contractor space is still underserved when compared to the number of events that exist for tech or other industries— excited to see so many talented individuals dedicated to the space that we're so excited about ourselves. If we missed each other at the conference, feel free to get in touch! Up next: Our CEO Warren R. will be attending the Midwest Government Contracting Summit in Chicago this week. Who'll be there? #govcon #SMBGovernmentContractors #Innovation #entrepreneurship 🔔 OppZo - democratizing access to affordable working capital for GovCons. Get in touch if you're looking for working capital https://lnkd.in/edmdGwUX .

Our Co-Founder and CEO, Warren Reed, recently attended the National 8(a) Small Business Conference! At OppZo, we're dedicated to empowering small and medium-sized government contractors with fair and affordable financing solutions. The conference was an incredible opportunity to connect, learn, and collaborate with fellow industry leaders, all with the shared goal of driving positive change and growth in the government contracting space. 🌟 #National8aConference #Fintech #SmallBusinesses #GovernmentContractors #Innovation #BusinessGrowth

ICYMI: it’s Basel week in Miami! 🌟 To kick things off, we were thrilled to attend the #TechBaselSummit hosted by the fantastic team at eMerge Americas. Our rockstar CEO, Warren Reed, took the stage during the #Startup Spotlight and showcased the #innovation powerhouse that is OppZo. From thought-provoking panels on #entrepreneurship, to diving deep into the latest #techtrends, and seizing amazing #networking opportunities – it was a day filled with inspiration and connection. A massive thank you to eMerge Americas for the invitation and to all the brilliant sponsors SVB Florida Funders City of Miami Beach Dell Technologies Greenberg Traurig, LLP 35 Mules BankUnited MSG Risk Management and Intelligence Alan B. Levan | NSU Broward Center of Innovation VEL #TechBaselWeek #MiamiTech

🌟 Startup Spotlight 🚀 Meet Warren R., Co-Founder & CEO of OppZo, who shared a dynamic pitch of his startup - a mission-driven #FinTech company with the goal of democratizing access to affordable working capital. 💼📈 #eMergeAmericas #TechBaselWeek #MiamiTech #innovation