SBDC Facilitates Growth for a Service-Disabled Veteran-Owned Security and Investigations Company

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Overview

Nathan Yalcin, the owner of a service-disabled veteran-owned security and investigations company, approached the Houston Small Business Development Center (SBDC) with ambitious goals. His company, dedicated to employing a workforce mainly comprised of U.S. military veterans, sought to expand its reach through the acquisition of another security firm.

The challenges were multifaceted. Yalcin needed financial support for the acquisition and additional working capital for seamless post-acquisition operations. To navigate this complex endeavor, he turned to the SBDC, recognizing the need for a comprehensive business plan to secure financing and for expert assistance in integrating the newly acquired business.

Under the guidance of seasoned Business Advisor Charles Capers, Yalcin received comprehensive assistance. The advisor worked closely with Yalcin to prepare a compelling loan proposal, addressing the capital requirements for the acquisition project. Recognizing the intricate nature of the endeavor, Capers enlisted the expertise of three independent contractors affiliated with the SBDC. Yalcin benefited from consultations with a CPA contractor to review tax returns and share distributions, and with Human Resources and Marketing specialists to facilitate the onboarding process for the acquired business. Additionally, collaboration with a commercial lender, facilitated by the advisor, resulted in the approval of a line of credit to address additional operating expenses.

The collaborative efforts bore fruit. Yalcin successfully secured funding in working capital through the approved loan proposal and invested additional funds of his own capital to finalize the acquisition. The financial injection resulted in the creation of 43.5 new jobs and the retention of 35.5 jobs within the expanded business entity.

"Navigating the complexities of acquiring another business while securing the necessary funding is no easy feat,” said Yalcin. “Charles Capers and the SBDC played a pivotal role in not only helping us secure the capital needed but also in providing the expertise required to integrate the acquired business seamlessly. Their support went beyond financial assistance – it was a strategic partnership that enabled our growth and the addition of valuable jobs to our workforce."