Every veteran entrepreneur needs capital, but investing in them via regulated channels may be the best bet for investors.
Webco Medical & Dental Supplies Co., a Hudson, Florida-based company led by Christopher Cooley, is the first and only dental distribution company to be designated by the U.S. government as a Service-Disabled Veteran-Owned Small Business (SDVOSB).
This designation means that the U.S. government must allocate 5 percent of its budget to purchase dental products and services from Webco.
To support the growth capital Webco needs for this designation, they accessed capital via the Entrex Capital Market System, founded as an entrepreneurial exchange to help privately-held companies access capital through a tradeable and patented Top Line Income Generation Rights Certificate (known as a TIGRcub).
The tradable TIGRcub security helps private companies raise funds by providing investors with monthly interest — plus a small share of monthly revenue: a winning combination for both company and investor.
“Working with the Entrex team offers me, as a veteran and entrepreneur, access to a capital market system to support the growth capital needed to help fulfill my vision of Webco,” says Mr. Cooley.
“Without access to capital, my vision would be limited,” adds Cooley in a statement issued by Entrex announcing the first TIGRcub investor purchases for Webco. “I feel Entrex and the TIGRcub offer Webco access to capital that is difficult, if not impossible, to find today,” he adds.
The capital from TIGRcub investors will help Cooley grow the operations, distribution, and inventories to help Webco become one of the nation’s leading Dental Distributors.
“Entrex offers a Capital Market System for investors to find, research, track, manage and trade TIGRcub Securities,, ” says Stephen H. Watkins CEO of Entrex.
“Helping Webco, as a veteran-owned business, makes the Entrex team proud not only to support entrepreneurs across Ameri but to help serve the veterans that guard and defend our nation’s safety,” Watkins continues in his statement.
According to the statement, Watkins feels confident that investors will recognize how well military veterans’ dedication translates into the business sector, and how valuable their support is to a small business that might struggle to find other funding.
“We hope that by supporting veteran-owned businesses and helping investors access this sector, we can support entrepreneurship and the American dream with and through the people that protect us,” he notes.