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.
