Exela Health Systems

LOAN AMOUNT: $5,000,000

LOAN TYPE: USDA B&I Loan

INDUSTRY: Pharmaceutical

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.