GovCon Funding Corporation completed financing on a $5.5MM credit facility for a government contractor operating, in the Intelligence, Reconnaissance and Surveillance, (ISR) sector. The credit facility provides the government contactor with the ability to refinance aged aircraft within its existing fleet, while maintaining a strong cash position.  

“We are happy to provide this critical financing to our client as they continue their mission critical work with the Department of Defense,” said Thomas Panuzio, CEO, GovCon Funding Corporation. “Completing the funding for this transaction shows our continued commitment to deploy over $150MM of capital into the Aerospace and Defense sector, during FY 2021, for mission critical aircraft and equipment that protect our Homeland.”