Eyewitness Surveillance Secures $15 Million Line of Credit
The new financing will bolster enhancements to the video-monitoring solutions provider’s existing product line and pave the way for strategic growth and market penetration.
HANOVER, Md. — Eyewitness Surveillance, a remote interactive video-monitoring solutions provider specializing in mid- and large-sized automotive dealerships, has secured new financing to fuel its continued expansion and business growth.
This new financing, a $15 million facility from The PrivateBank, will be particularly valuable to Eyewitness as it continues to realize its strategic future growth goals within key automotive dealers and metal recycling organizations.
“We are thrilled to announce this new financing,” said RT Arnold, president of Eyewitness. “Partnering with The PrivateBank will enable us to continue our nationwide footprint and further invest in innovative service offerings to deliver maximum value and return-on-investment to our customers.”
Founded in 2004, the company plans to continue pushing West, having picked up new clients in the Midwest. They include Acura of Columbus (Ohio), Superior Auto Group, Hare Chevrolet, Bettenhausen Automotive, Currie Motors, Gary Lang Auto Group and Nickelson Industrial.
The company also plans to add three new products to its product line, which currently includes Sales Direct and Service Lane Kit 2.0. Securing the new financing will also allow the firm to achieve its strategic goals through its ‘zero-down’ model, which covers the cost of new equipment and installation.
“We are pleased to provide this financing to support Eyewitness and its future growth and evolution,” Mark Melendes, Managing Director of The PrivateBank noted. “Eyewitness Surveillance is a leader in security
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