Cps technologies corporation establishes new $2.5 million credit facility

Cps technologies corporation announced that it has entered into a new three year $2.5 million credit facility with the massachusetts business development corporation. the new credit facility replaces the $1.25 million credit facility with santander bank, due to expire on september 30, 2019. net availability under the facility will be 80% of eligible accounts receivable and is secured by accounts receivable, inventory and other assets of the company.
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