Alarm Financial Services Inc. (AFS), San Francisco, launched a financing program for security alarm dealers with loans and lines of credit from $150,000 to $1,000,000. The program is aimed at dealers who want to finance acquisitions, consolidate debt, expand their business, or buy out a partner – without having to sell their accounts.
“AFS is providing a much needed loan product for small and midsize dealers. There has been a real void in the market for loans of $1 million and under,†said Henry Edmonds, president of The Edmonds Group, an alarm industry investment banking firm.
“We’ve created an opportunity for dealers to get the capital they need and to maintain their independence in a market where financing can be tough to secure,†said Jim Wooster, president of AFS. “Dealers want funds to grow their companies without having a lot of strings attached – without having to change the way they currently bill and monitor their customers.â€
The AFS program includes term loans up to 60 months, as well as revolving lines of credit. For more information, visitwww.alarmfunding.com.
