The alternative finance provider worked with the Washington-based security company to facilitate the growth capital quickly.
SAN DIEGO, Calif., Feb. 15, 2023 /PRNewswire-PRWeb/ -- Founders First Capital Partners ("Founders First") today announced the issuance of a $550,000 term loan to Washington-based Veterans Security Operations, a security firm that employs and trains veterans.
"We were thrilled to have the opportunity to work with Veterans Security Operations and deliver the non-dilutive financing needed to better equip their workforce," said Founders First CEO and Founder Kim Folsom.
"We're excited to further demonstrate our mission to build an inclusive economy by providing this influx of growth capital for a veteran-focused business." The private company wanted an infusion of capital to update its fleet, offer additional security training for personnel and ensure competitive pay to support its retention and growth plans. Founders First was able to provide them with a financing facility to meet their projected goals.
"We were impressed with Founders First's speed and transparency," said Christian Tomlinson, COO of Veterans Security Operations.
"They went above and beyond to understand our company, provide us with the capital we needed, and delivered the funds quickly."
Founders First provides revenue-based financing and term loans for diverse-led businesses – owned by veterans, women, people of color, or LGBTQIA+ – or companies operating in low-to-moderate income areas.
About Founders First Capital Partners
Founders First Capital Partners is building a comprehensive ecosystem through its proprietary platform to empower underrepresented founders to become leading premium-wage job creators within their communities. We provide revenue-based funding, term loans, and business acceleration support to service-based small businesses located outside of major capital markets such as Silicon Valley and New York City. We focus on supporting businesses led by women, people of color, LGBTQIA+ and military veterans, inclusive teams, and businesses located in low to moderate-income areas. Our proprietary business accelerator programs, learning platform, and growth methodologies transition these underserved service-based businesses into $5M to $50M recurring revenue, tech-enabled companies while providing, high-yield investments for fund limited partners that perform like bonds but generate returns on par with equity investments.
Media Contact
Tracy Fuga, Founders First Capital Partners, 1 8583283008, [email protected]
SOURCE Founders First Capital Partners
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