MTBC credit line increases to $3M

Medical Transcription Billing’s line of credit with TD Bank, N.A., increased to $3 million from $1.215 million, with substantially the same terms, ABL Advisor reports.

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“TD Bank has been an excellent partner,” said Bill Korn, Chief Financial Officer in ABL Advisor. “…Our business has grown significantly with the acquisitions that we completed at the time of our initial public offering, and we are pleased to see nearly a 150 percent increase in the size of our credit facility.”

 

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