Business Capital closed an $8 million financing page for AlterG, a medical device company.

The company has been able to attract significant investment capital and was looking for a different debt structure to properly leverage its assets and fund a new business model to support sales growth. Sales had been flat during a period of change in management and restructuring, making it a challenge to find conventional capital sources.

BizCap was able to underwrite AlterG’s financial strengths, competitive advantages, market strategy, product and technology, solid investor support and attract multiple lenders who were able to maximize the amount of leverage needed to refinance outstanding debt and provide for growth capital to fund its business goals and objectives.

“AlterG’s products allow 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 and were particularly excited to get them the financing they needed to support growth,” said Chuck Doyle, Business Capital’s managing director.

AlterG, manufactures and sells medical equipment for rehabilitation, athletic training and exercise enablement. The company owns more than 20 patents for its unique technology, including its anti-gravity treadmills.