American Mobile Systems Obtains $1.5-Million Loan

American Mobile Systems Inc., a Woodland Hills provider of radio-dispatch and mobile-telephone services, said it has obtained a $1.5-million loan to fund its short-term capital requirements.

Separately, American Mobile said its vice chairman, Richard G. Somers, has been elected the company’s chairman, president and chief executive.

Somers had been acting president and chief executive since succeeding William J. Young in late March. Young was suspended by the company pending an investigation of $4.1 million in “unauthorized transfers” from American Mobile bank accounts to accounts of other businesses controlled by Young.

Somers could not be reached to comment on the status of that probe.

American Mobile said it obtained the $1.5-million loan from Somers and UA Investments Inc. a major shareholder in the company. American Mobile also said its primary lender, a Finnish bank named Kansailis-Osake-Pankki, waived the company’s violation of its bank-debt provisions, violations that stemmed from Young’s alleged actions.