Endeavour Provides $500K in SBIR Financing to Support Hypersonic Propulsion Startup

Endeavour provided $500,000 in Small Business Innovation and Research (SBIR) financing in support of a startup engineering firm pursuing the development of air-launched hypersonic cruise missiles in association with the Defense Advanced Research Projects Agency and with support from the U.S. Air Force.

The facility is secured by the firm’s billed accounts receivable and SBIR contracts, with funding earmarked for working capital, namely the further development of IT infrastructure and talent acquisition.

“Our team was immediately impressed by the technology being developed and the mission-critical nature of our client’s work. It is an honor to help support these brilliant engineers” James Parker, co-founder of Endeavour, said. “And we look forward to providing them with the scalable funding that meets their needs in a high-speed, low friction manner.”