Frequently Asked Questions.

Federal Market Credit™ underwrites against the receivables, contract value, and work-in-progress associated with federal awards. We work across cost-reimbursable, fixed-price, T&M, and IDIQ vehicles, and we handle both prime and subcontractor positions on properly structured deals.

If your contract has been awarded by a federal agency and you can show payment history (or a clear path to performance), there's usually a credit conversation to have.

FMC™ is built for small-to-mid-sized federal contractors with at least one performing federal contract and a real need for working capital — typically anywhere from $500K to $25M in facility size. We serve government services firms, federal IT integrators, professional services contractors, defense suppliers, and contractors operating across civilian agencies.

We are not a fit for pre-revenue businesses, businesses without a federal customer, or single-purpose SPV structures.

For most qualified contractors, we move from a first conversation to a signed term sheet in 7–10 business days, and from term sheet to funding in another 14–21 days depending on documentation, collateral assessment, and onboarding.

Renewals and increases against existing facilities can typically be funded in 3–5 business days.

The fastest path through underwriting starts with three things: a short business description, your federal contract type and stage (prime vs. sub, single award vs. portfolio, award date and period of performance), and a recent financial snapshot (last full year of financials and a current AR aging report is plenty to start).

If you don't have all of that handy, send what you do — we'll come back with a small list of follow-up items.

No. We are purpose-built for federal-customer credit, and that focus is what makes the underwriting work. We don't serve commercial-only businesses or state/local-only contractors.

If your business is partly federal and partly commercial, we can usually structure around the federal portion — the conversation is worth having.

Pricing is built around the credit risk of the underlying federal collateral, the size and tenor of the facility, and the operational complexity of the contractor relationship. We give every prospective client an indicative pricing range during the term-sheet conversation so there are no surprises during diligence.

Most facilities under $5M include a personal or limited guarantee from the controlling owner(s). Above that, structure depends on the contractor's balance sheet, the collateral profile, and the contract mix. We're flexible — and we'll spell out the guarantee structure clearly in the term sheet.

Parabilis is backed by long-duration institutional capital partners who understand federal markets and credit. We don't name partners publicly on this page, but our origination and capital markets teams are happy to share more in a one-on-one conversation.