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AFS gets new credit facility

September 29, 2011Martha Entwistle

CORTE MADERA, Calif.—Alarm Financial Services plans to help more small- and medium-sized alarm companies finance growth with a new credit facility it closed with RBS Citizens Bank, AFS president Jim Wooster announced this week.“We fit a niche for smaller loans, from $150,000 to about $1.5 million or perhaps up to $2 million,” Wooster said. He added: “That's well below what traditional banks in the alarm industry like to lend. Because of their scale, traditional lenders like...

Alarm Financial Services, Jim Wooster, RBS Citizens Bank, The Edmonds Group