Rockland Trust’s Security Alarm Lending Team has over 20 years of industry experience and is well positioned to meet the unique needs of Security providers. We service the Security industry nationwide and are committed to partnering with you to deliver customized financing solutions.
| Commitment Size | Up to $25 million |
| Lending Purposes | Acquisitions, internal growth, refinancing, shareholder buyouts, recapitalization and working capital |
| Industries |
Commercial/Fire Alarm Companies, Residential Alarm Companies,
Video Monitoring Companies, and Wholesale Monitoring Companies
|
| Advance rates | 20x to 25x Recurring Monthly Revenue |
| Terms | •3 to 5 year revolving credit commitments •Up to 10 years on real estate |
Joe is the Lending Center Manager for Rockland Trust’s Security Alarm Lending business. Prior to joining Rockland Trust, Joe worked at BDC Capital in a variety of lending roles. Joe is very active in the finance community, currently serving as President of the Secured Finance Network of New England, past President and Director of the New England Chapter of the Risk Management Association, and Director of the Northeast Chapter of the Turnaround Management Association. Joe is a CFA charterholder, a member of the CFA Institute, and the CFA Society Boston.
A graduate of Bentley University, Joe resides in Boston’s Financial District with his wife and daughter. Joe is also a long-time supporter of, and volunteer at, For Kids Only Afterschool, a local nonprofit that provides educational and learning opportunities for children in underserved communities.
Gregory Spurr is responsible for Security Alarm Lending with Rockland Trust and has over 20 years of lending experience working with both big and small companies within the security alarm industry.
Greg holds an MBA from New York University and his BA from Colgate University. He serves as the President of Board of Trustees for the Lawrence Family Development. Inc., and sits on the member of Board of Trustees for Fidelity House Human Services.
Tom Meehan is the Relationship Manager for the Security Alarm Lending business at Rockland Trust. Tom has extensive commercial lending experience with an expertise in Security Alarm Lending and Asset Based Lending. A graduate of the University of Massachusetts Amherst with a B.S. in Economics, Tom lives with his wife and four children in Scituate, MA.
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