Leonid is providing an AR Funding facility to a veteran-owned engineering firm pursuing the development of tactical supercomputers.
The facility is secured by the firm’s billed accounts receivable (and earned-but-unbilled accounts receivable). The funds will be used for working capital, namely staffing growth and additional contract capture efforts.
“We’re proud to support veteran-owned businesses bringing specialized services to government agencies, especially those critical to our National Security” Chris Lay, Co-Founder of Leonid, said. “And we look forward to providing them with the scalable funding needed to serve and win new contracts.”