LEONID Provides AR Funding for Munitions Firm Supporting the DOD and Department of the Interior

LEONID is providing an AR Funding facility to a burgeoning munitions provider working with the Department of the Interior and the Department of Defense.

The facility is secured by the firm’s billed accounts receivable associated with their contracting bids, and the funds will be used for working capital, including additional contract capture efforts.

“Our mission is to be the default working capital provider for small, medium, and large-scale contracting firms,” said LEONID CEO Chris Lay,“…from startup to fully-scaled, the LEONID platform provides an excellent pathway for accessing government funding and turning ideas into impact.”