Capital One Bank Provides a Revolving Line of Credit to LOUD Security Systems
Capital One Bank, Chevy Chase, Md., announced that it has provided a senior revolving line of credit to LOUD Security Systems, Kennesaw, Ga. The line of credit will be used to fund growth opportunities including potential acquisitions that match their commitment to customer care along with a strong company culture. Capital One will be sole lender and administrative agent.
Founded in 1995 by owner John Loud, LOUD Security designs, installs, monitors, and services a complete line of security systems designed for intrusion and fire detection, access control, video surveillance and home automation. The majority of LOUD’s revenues are derived from services to residential and business subscribers primarily in the Atlanta metropolitan region.
“We are very pleased to provide this line of credit to LOUD Security,” said John Robuck, managing director, Capital One Bank. “Over the last 20 years, John Loud has built a company with a track record of solid financial strength and exceptional growth, placing it in an excellent position for acquisitions.”
At the same time, Loud has emerged as a leader in the local business community, with serving as president of the Kennesaw Business Association and the Georgia Electronic Life Safety and Systems Association. Recently, LOUD Security Systems was named the 2014 Small Business of the Year award winner from the Cobb County Chamber of Commerce.
“We see this revolving line of credit as an essential tool to take our growth—both organic and through acquisition—to the next level,” said Loud. “Capital One has structured the line of credit to maximize our flexibility.”