Customer Spotlight: Associated Veterans, LLC

Government Contract Funding Customer Spotlight: Associated Veterans, LLC

Watch this video as Tony shares how a government contracting loan and help from Live Oak Bank allowed him to easily grow his business.

In 2013, Antonio “Tony” Moscatelli founded Curis IT, a Service-Disabled Veteran-Owned Small Business (SDVOSB). With laser sharp focus, he planned a business model that would support growth opportunities for his government clients’ business goals and needs. In 2017, the right opportunity presented itself, and he acquired Associated Veterans, LLC, also a SDVOSB. Now president and CEO of Associated Veterans LLC, Moscatelli has plans to grow his business dramatically.

Moscatelli began his military career in 1996, serving as a military police officer in the United States Marine Corps.He retired from the Navy in Maui, Hawaii, and it was there that he was introduced to federal contracting.

“When I started my company, it was important that I support the Veteran’s Administration and give back,” said Moscatelli. “I thought a lot about how I could take the federal government contract business to the next level while growing additional employees to support the Veteran’s Administration. I could spend 10 years building on past performance or I could buy it. Once I made the decision that I needed to acquire a company, I started putting that energy out there.”

Before the acquisition, Moscatelli had six employees. Now he has nearly 60, with a goal to reach 500 employees in the next five years.

“I love this country, and I served it honorably as a Marine. I served honorably as a naval officer and I’m continuing to serve, and everyone that works at Associated Veterans knows that all the work that we’re doing supports our government, supports our military, supports our veterans. It’s giving back in a way that not only feeds my family, but it feeds a lot of families. Everyone wins,” Moscatelli shared.

Ready to start the government contracting loan application process? Apply today with Live Oak Bank!

 

  • Business Type: Government Federal Contracts
  • Customer Opportunity: Identify and acquire a firm with several years of performance and similar core competencies to complement Tony’s existing company.
  • Customer Challenge:
    • Gain the ability to win new government contracts because the business could not report on several years of past performance.
    • Inability to provide the traditional 25% down payment most banks require.
  • Live Oak Bank Solution: Provide a flexible financing solution that took into consideration the cash-flow the business generates, not the actual collateral of the business.
  • Result: Tony can pursue his dream of growing his company with capabilities, services and solutions to support growth opportunities for his employees and his government clients’ business goals and needs.