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 â€“ without having to sell their accounts.
â€œAFS 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,â€ said Henry Edmonds, president of The Edmonds Group, an alarm industry investment banking firm.
â€œWeâ€™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,â€ said Jim Wooster, president of AFS. â€œDealers want funds to grow their companies without having a lot of strings attached â€“ 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.