SAN FRANCISCO–(BUSINESS WIRE)–Business Capital has delivered an $8MM financing package for AlterG, Inc., a company that manufactures and sells medical equipment for rehabilitation, athletic training, and exercise enablement. The Company owns over 20 patents for its unique technologies, including its Anti-Gravity Treadmills and Bionic Leg. AlterG is a global leader in mobility-enhancement products that are used by top healthcare firms, professional and collegiate sports teams and players, training and physical therapy clinics worldwide. Their innovative products enable a broad range of patients to regain mobility, develop strength and fitness, and increase range of motion through natural movement – all while minimizing pain and stress on the injury site via a pressure-unweighting technique originally developed by NASA.
“AlterG’s product allows patients to safely achieve mobility and exercise when they might not otherwise be able to. BizCap’s team is made up of several former collegiate athletes, so we can personally appreciate faster rehab with less risk,” said Chuck Doyle, Managing Director of Business Capital.
Due to increased awareness and adoption of AlterG’s technology and products, demand is high and sales are on the rise. In order to support the rapid growth in sales, Business Capital was engaged to structure and secure financing. “We were excited to come through for this client,” said Chuck.
“Many thanks to the BizCap Team for the fantastic job helping AlterG close two new lenders for our business,” said Charles Remsberg, CEO of AlterG, Inc. “When refinancing proved to be a challenge, BizCap jumped in and in less than 4 months, secured multiple term sheets from credible lenders. In fact, when we closed both lending agreements I couldn’t believe how low the fees were for their efforts, especially after going through the diligence and closing process together. They are a great partner and we look forward to doing business together in the future.”
Business Capital is a leading commercial finance and debt restructuring firm specializing in securing customized debt based solutions for rapidly growing as well as challenged small and middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.