AlterG, Inc., a leader in the realm of rehabilitation and athletic training technology, has successfully secured an $8 million financing package, facilitated by Business Capital. Renowned for its cutting-edge medical devices, AlterG boasts over 20 patents, including those for its revolutionary Anti-Gravity Treadmills and the Bionic Leg. These innovative products are utilized by healthcare providers, sports teams, and physical therapy clinics worldwide, offering a unique approach to enhancing mobility and strength while reducing pain through a NASA-developed pressure-unweighting technique.
Chuck Doyle, Managing Director of Business Capital, expressed his excitement about the collaboration, noting the personal connection his team, many of whom are former collegiate athletes, has with the advantages of AlterG’s technology. “AlterG’s product enables patients to safely achieve mobility and exercise when they might not otherwise be able to,” Doyle remarked.
As awareness and demand for AlterG’s technologies continue to rise, the company has witnessed a significant increase in sales. To support this growth, Business Capital was entrusted with structuring and securing the necessary financing. “We were thrilled to deliver for this client,” Doyle added.
Charles Remsberg, CEO of AlterG, Inc., expressed his appreciation towards Business Capital for their pivotal role in securing two new lenders. “When refinancing became challenging, BizCap stepped in and, in less than four months, secured multiple term sheets from reputable lenders,” Remsberg stated. He commended the efficiency and cost-effectiveness of the process, highlighting the strong partnership formed with Business Capital.
Business Capital is well-regarded for its expertise in commercial finance and debt restructuring, providing tailored debt solutions to rapidly growing or challenged small and middle-market companies. Their ability to offer customized financing structures makes them an invaluable partner for businesses seeking non-traditional capital sources.