Alarm Financial Services offers new dealer funding
SAN FRANCISCO--Alarm dealers who want financing for acquisitions and debt consolidations, but do not want to sell off accounts can check out a new financing program announced yesterday by Alarm Financial Services.
Aimed at dealers seeing loans of $150,000 to $1 million, the program includes term loans up to 60 months as well as revolving lines of credit. AFS currently offers outright acquisition of alarm accounts and a "50-50 Hybrid" financing program where a dealer gets back one-half of accounts financed.
"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," said Jim Wooster, president of AFS in a statement. "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."
For more on AFS's dealer funding, see the September issue of Security Systems News.