A new financing program from Alarm Financial Services Inc. (AFS) enables security alarm dealers who qualify to borrow from $150,000 to $1,000,000. The new program is designed for security companies who would like to acquire another firm, consolidate debt, to expand their present business or buy a partner’s interest. Those who qualify for AFS’ program do not have to sell off existing accounts.
“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,” says 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.”
The new AFS program includes term loans up to 60 months as well as revolving lines of credit. According to AFS, this complements the firm’s existing services, such as outright acquisition of alarm accounts and a 50/50 hybrid program dealers get back one half of the accounts that they finance.
