BlueVine, a Redwood City, California-based SME financier, as per recent reports last week, has announced its collaboration with GovQuote, a Deerfield Beach, Florida-based purchase quote request platform for government agencies, in its bid to enable SMEs that serve state, local, and education (SLED) government agencies with the needed working capital.
“Our mission is to bring liquidity to the entire government procurement ecosystem, making it efficient and transparent, through the use of technology,” states, Founder & CEO of GovQuote, Jeff Rubenstein. “It’s that simple.”
GovQuote, a free public procurement marketplace, establishes the link, enabling small business vendors to connect with the state, local, and education government agencies, i.e. the whole shebang that comprise the US SLED market.
Govt. agencies can utilize the GovQuote platform to their advantage, enabling them to get quotes in under 60 seconds, along with a complete digital record for compliance.
With this GovQuote – BlueVine partnership, SMEs that have traditionally struggled to secure financing will benefit a lot. Together, BlueVine and GovQuote will give these entrepreneurs what Rubenstein calls “the power to level the playing field in the government market and quickly get access to tailored funding solutions.”
“The government and education market is growing, presenting many growth opportunities to small businesses,” states, BlueVine’s CEO & Founder, Eyal Lifshitz, underscoring the cash flow challenges that are a major hurdle for these SMEs that otherwise are competent enough for this market.