Alarm Financial Services Inc. (AFS) provided a senior debt facility to Sentinel Security Solutions of Grover Beach, Calif. Sentinel will use the $750,000 credit facility to consolidate existing debt under more favorable terms, as well as to provide capital to meet the growth demands of the company. The credit facility includes both term loan and revolving line of credit components with increased borrowing ability as Sentinel’s business grows.
Sentinel has been providing its customers with cutting edge security equipment, professional installation and excellent customer service since 2006. Continued success and increasing demand for services has led to Sentinel’s push to expand their business operations.
“Working with AFS has been a great experience,” said Justin Sherbon, Sentinel president. “Jim Wooster has really done a good job getting to know our business and providing the capital needed to successfully continue our growth.”
“This capital puts us in a position to bring on additional staff and updated software, as well as consolidate existing debt to more favorable terms,” said Leela Sherbon, Sentinel vice president. “Our operations will run smoother through the transitions setting us up to successfully fuel our growing business.”
AFS provides a range of financing services to small- to medium-sized security alarm companies throughout the United States. AFS programs include term loans and lines of credit for dealers who are looking to grow their business, consolidate debt, expand operations or buy out a partner.
“We are excited to be working with such a dynamic company,” said Jim Wooster Jr., president of AFS. “Sentinel has put together a solid business plan and have been effectively implementing it to grow in their market. This is another great example of a security company leveraging the recurring monthly revenue they have created to gain access to capital and further increase that RMR.”