Thursday, January 3, 2013
BioSurplus Gets $1.75M In Debt Financing
San Diego-based BioSurplus, a supplier of pre-owned scientific instruments and equipment, has raised $1.75M in a debt financing. The debt financing was announced over the holidays, and came from Square 1 Bank. Terms of the debt were not announced. According to the firms, the loan proceeds go towards expansion for BioSurplus, and to replay existing indebtedness.