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Uncaged Capital Provides $8.9MM Working Capital Facility for Healthcare Facility

May 28, 2024, 06:00 AM
Filed Under: Healthcare

Uncaged Capital completed an $8.9 million working capital facility for a Colorado-based Healthcare facility.

James McDonough, Managing Director at Uncaged Capital, highlighted the vital role of healthcare infrastructure in the biotechnology sector, stating, “We are thrilled to partner with this client to support their growth ambitions. Given the industry’s heavy reliance on specialized skills and flexible workforce solutions. They required a working capital facility to accommodate their recent growth and we are pleased to assist them during this period of expansion.”

Uncaged Capital was able to provide the financing despite their current operating losses and consecutive annual losses following an industry-wide pandemic-related slow down.  The strength of the management team, coupled with the strong backlog of firm orders from long standing customers allowed Uncaged Capital to find value where other lenders could not.

“We’re pleased to extend our relationship with Uncaged Capital which has been an excellent financial partner for our growth over the past 5 years,” said Tom Murray, President & Owner. “When we thought all hope was lost, Uncaged Capital showed up and gave us the helping hands that we needed at the right time"

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