Project Bravo has secured a $12.5 million senior-secured revolving credit facility arranged by Business Capital, also known as BizCap, to increase working capital, refinance existing obligations and support continued growth in its government-contract fulfillment business.
Project Bravo provides sourcing, procurement, distribution and logistics services to government agencies and government-related customers. The company is a portfolio company of TEEDUP and has experienced substantial growth since its acquisition in 2024.
The new facility was structured around the company’s operating cycle, which requires it to pay suppliers before receiving payment from government customers. This timing gap can create significant working capital demands, particularly as order volumes increase and the company accepts larger or more frequent contracts.
A revolving credit facility allows a borrower to draw, repay and reuse capital within an agreed limit. Unlike a term loan that generally provides a fixed amount upfront, a revolver can accommodate recurring changes in inventory, receivables and other short-term financing requirements.
The facility is secured by company assets and incorporates a broader collateral and liquidity structure rather than relying only on accounts receivable. BizCap worked with Project Bravo to validate available collateral, address closing liquidity requirements, negotiate terms and manage the financing process through funding.
In addition to increasing working capital capacity, the transaction restructures incumbent obligations to provide Project Bravo with additional financial runway. The financing is intended to support the company’s weekly cash needs while aligning repayment availability with its collection cycle.
Government contractors can face unusual cash flow requirements because supplier payments, inventory purchases and fulfillment expenses may occur well before government invoices are collected. A financing structure tailored to that cycle can help a growing contractor accept orders without placing excessive pressure on its balance sheet.
BizCap provides customized debt and commercial finance solutions to middle-market companies. Its work includes growth financings, refinancings, recapitalizations, acquisitions and transactions involving companies with specialized operating or collateral requirements.
KEY QUOTES:
“As the company has grown, so has our need for a more scalable working capital solution. We have to pay suppliers before collecting from our government customers. Tim Gaines and the BizCap team understood that complex operating cycle and delivered a facility structured around it.”
“BizCap did far more than introduce us to a lender. They helped validate our collateral, work through the closing liquidity requirements, negotiate the facility structure and manage every stage of the process through to successful funding.”
Ben Wood, Chief Executive Officer of Project Bravo
“This transaction required a streamlined financing structure encompassing the complexities of the company’s full operating cycle rather than a conventional AR-only solution. Our focus was on building an efficient collateral and liquidity structure the lender could underwrite with confidence while ensuring the resulting facility would support the company’s weekly working capital needs after closing.”
Tim Gaines, Vice President at BizCap
“We are proud to stand behind the organizations that stand behind America. This new credit facility will not only help to position our client for continued success, but also contribute to a stronger, more resilient supply chain for our country.”
Chuck Doyle, President and CEO of BizCap
