Founders First Capital Partners Provides $550,000 Term Loan to Veteran-Owned Security Firm
The alternative finance provider worked with the Washington-based security company to facilitate the growth capital quickly.
SAN DIEGO, CA | February 15, 2023 – 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.”
Veterans Security Operations, a private company, wanted an infusion of capital to provide additional security measures for its staff, offer new security trainings 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.
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. The firm provides revenue-based funding and business acceleration support to service-based small businesses located outside of major capital markets such as Silicon Valley and New York City. Founders First Capital Partners focus on supporting businesses led by women, people of color, military veterans and LGBTQIA+, and businesses located in low-to-moderate income areas as well as companies dedicated to inclusive hiring practices. For more information, visit foundersfirstcapitalpartners.com