Endeavour will provide two early-stage technology accelerators of the U.S. Army and Space Force with mentorship on cash flow, financing options and working capital, and access to Escape Velocity, a custom Accounts Receivable Funding facility.
The company said Tuesday it partnered with The Catalyst Accelerator and FedTech to help them support execution of national security programs and contracts with the Department of Defense.
The Escape Velocity program is designed to enable companies to speed up cash flow from government contract-related invoices by providing them with underwriting approval, high advance rates and pricing.
"Bypassing the standard expectations on business history, collateral base, revenue growth, or personal guarantees, our Receivable Funding provides working capital today with no ongoing obligation," said Chris Lay, co-founder of Endeavour.
Endeavour is a certified DOD trusted capital provider that offers cash funding for unpaid invoices to help government contractors manage operating expenses and enhance working capital standing.