No.1 Fire used the loan facility to acquire the fire alarm monitoring and testing business of a long established, locally based company, purchasing approximately 400 commercial customer accounts.
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.
