Business in the Burbs

Center for Wound Healing announces loan agreement

December

The Center for Wound Healing Inc., a Tarrytown-based manager of wound treatment centers, said that New York-based Signature Bank will provide the company with an $8 million loan agreement to replace an older $6 million line of credit.

The company said that the larger loan agreement will provide funding for working capital and long-term investment spending, including additional hospital partnerships. The company manages 35 wound care centers in the eastern United States.

“This substantial increase in our borrowing capacity is a reflection of the significant progress we have made in turning around the company, and in executing to our growth strategy,” Chief Executive Officer Andrew G. Barnett.

This entry was posted on Tuesday, December 23rd, 2008 at 6:25 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Loans

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