Bond Labs Increases Credit Facility With U.S. Bank
Bond Laboratories, Inc., a national provider of innovative and proprietary nutritional supplements for health conscious consumers marketed primarily through its wholly owned operating division, NDS Nutrition Products (NDS), announced that the company has improved the terms of its existing line of credit with U.S. Bank. The new agreement increased the company’s borrowing capacity by 70% from $1 million to $1.7 million and reduced the effective rate of interest on the credit line.
“U.S. Bank remains a committed partner in Bond’s continued growth. The expanded credit facility is further validation of the company’s completed turnaround and strong anticipated future growth prospects,” stated Bond Labs’ CEO, John S. Wilson. “The new facility will provide the company with the flexibility to seize current and future growth opportunities through GNC franchise locations domestically and internationally. With over 1,600 international GNC franchise stores in 53 different countries, this is just the beginning of what we anticipate will be a huge opportunity to increase the Company’s distribution footprint.”