Case Study: Veterans Security Operations
Veteran-owned security firm in Washington has goals to expand operations nationally through steady growth.
>>THE PROBLEM
Veterans Security Operations (VSO) was growing organically and had not taken on any debt, but they needed an infusion of capital to make some changes. The firm realized their armed and unarmed security personnel needed additional protection and training to meet the demands of the job. As well, growth capital was desired to meet company goals of expanding nationally and offering competitive pay to ensure retention.
>>THE SOLUTION
Founders First Capital Partners invested $550,000 in Veterans Security Operations through a term loan in December 2022, giving the company the growth capital needed to update the fleet of security vehicles, using retired police cars, offer competitive pay for staff and boost morale through additional security training.
Since Founders First invested, the company flourished and grew significantly in 2023. The explosive growth landed VSO on the Inc. 5000 list for 2023, securing the 101st spot on the coveted list of growing small businesses.
WHAT THIS MEANS FOR YOU
Term loans are a good fit for your security business if it meets the following:
- Profitable, break-even or on the clear path to profitability
- Recurring or predictable revenues or repeatable customer contracts
- Seeking $50,000 to $2 million in growth capital
Christian Tomlinson
COO, Veterans Security Operations
“It was imperative to seek funding so we were able to better equip our veteran workforce with the tools needed to be successful and update our fleet of vehicles so those on patrol are fully protected.”
