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GovCon Funding Completes $18MM ABL Credit Facility for Global Defense Contractor

August 23, 2021, 07:50 AM
Filed Under: Specialty Industries

GovCon Funding Corporation completed financing on an $18 million credit facility for a global defense contractor. The asset-based credit facility will provide their client with the flexibility to finance assets located in foreign countries and fund ongoing capital expenditure requirements for multiple Department of Defense contracts.

GovCon Funding Corporation provides financing to middle-market government contractors operating in the aerospace, commercial aviation, defense, and homeland security sectors. GovCon Funding continues its mission to deploy over $150MM of low-interest credit facilities and equipment loans and leases to federal contractors during the fiscal years 2021 & 2022.

"Delivering on our promise to secure a multi-faceted credit facility that will support Department of Defense contracts was a total team victory. We invested significant time understanding our client’s needs through many discussions, designed the right credit facility, and executed on our strategy," said Thomas Panuzio, CEO, GovCon Funding Corporation.

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