PreCheck Health Services entered into a $1.25 million revolving credit facility with Oakwood Bank.
The company intends to use the facility for working capital and other corporate purposes, including the launch of its marketing effort for its PC8B medical screening device for use by physicians and medical personnel. The line of credit is secured by the company’s assets and is guaranteed by two minority stockholders.
“This secured line of credit allows us to launch our PC8B medical device, although we still need additional capital to successfully execute our current business,” stated Lawrence Biggs, CEO of PreCheck Health Services.
PreCheck Health Services is a Florida corporation which distributes the PC8B, a medical screening device.
