Exela Health Systems
LOAN DETAILS
Location
Lenoir, North Carolina
Term
14 years
Jobs Created
30
Jobs Retained
190
History
This $5,000,000 USDA B&I loan was procured to purchase manufacturing equipment to continue to expand the company’s rapidly growing business.
Thomas USAF Group originated and underwrote a $5 Million USDA B&I loan to Exela Health Systems, LLC, a subsidiary of Exela Pharma Sciences, a pharmaceutical drug manufacturer that is headquartered in Lenoir, North Carolina. At closing, Thomas USAF purchased the guaranteed portion of the loan from the bank, paying them a premium.
The loan will enable the company to purchase manufacturing equipment to continue to expand its rapidly growing business. This loan will create 30 new jobs with an average hourly wage that exceeds $24 per hour.
Thomas USAF, with assistance from USDA B&I and SBA, has originated, underwritten and closed $30 Million in loans to Exela Pharma Sciences, which have created over 150 jobs in 2015 & 2016.