iCAD, a provider of advanced image analysis, workflow solutions and radiation therapy for early treatment of cancer, secured a credit facility in the amount of up to $13 million from Silicon Valley Bank.

The financing is composed of an initial term loan of $6 million and a $4 million revolving line of credit. The company also has the option to secure an additional $3 million term loan in 2018, subject to achieving certain revenue milestones.

“I’m pleased to announce that, subsequent to the end of the quarter, the company fortified its cash position by securing a credit facility of up to $13 million from Silicon Valley Bank,” CEO Ken Ferry said. “We intend to utilize these funds to accelerate top-line growth and advance our pipeline technologies. We look forward to a successful partnership with SVB, as we continue to build our cancer detection and therapy segments.”