NAPCO Announces New Line of Credit
AMITYVILLE, N.Y.
NAPCO Security Systems Inc., a manufacturer of electronic security equipment, announces a commitment from HSBC Bank to increase its credit facility to $25 million.
The credit funds will be used to support NAPCO’s growth and provide funding for potential acquisitions, according to the company.
“The availability of these funds combined with our strong operating income gives us greater flexibility to respond to market opportunities,” says NAPCO CEO Richard Soloway. “This increase is a strong affirmation of HSBC Bank’s belief in the company’s business plan and its growth prospects.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
