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Avidbank Provides Falcon Critical Care Transport with $9MM in Credit Facilities

March 03, 2020, 09:08 AM
Filed Under: Healthcare

Avidbank Specialty Finance, a Division of Avidbank that specializes in technology, sponsor finance and asset-based lending, has provided Falcon Critical Care Transport with combined credit facilities of $9 million. The funding will be used for capital growth as the company expands its presence in Northern California.

Founded in 1998, Falcon Critical Care Transport provides high quality non-emergency ambulatory services, specifically Critical Care Transport, Basic Life Support and Standby Services to over 20 counties in Northern California. A leader in its field, Falcon Critical Care Transport serves the top hospital and healthcare systems in the Greater Bay Area.

"We are pleased to expand our relationship with Falcon," said Jon Krogstad, Executive Vice President and Division Manager of Avidbank’s Specialty Finance Division. "We have worked with them since 2017 and are enthusiastic about supporting their growth in this important service industry."

"Avidbank has been a supportive partner for us over the past three years," said Tyler Coats, Falcon Critical Care Transport’s CEO. "Our alliance enables us to grow our team, our services and expand our footprint throughout the Bay Area and beyond."

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