Carolina Urgent Care is a highly innovative Urgent Care and Sports Medicine facility opening in Q1 of 2014 in Morrisville, NC headed up by Dr. Richard T. Ferro. With the financial advisory support of Scale Finance, Carolina Urgent Care has closed a structured and customized debt facility to fund the opening and operations of the new facility.
The debt facility is backed through the SBA 7A program and the SBA Express LOC. Scale Finance Managing Director Gary Hayes provided CFO services to Carolina Urgent Care and helped manage the debt placement process end to end.
Gary Hayes commented “this is a perfect example of Scale Finance’s model at work – our Chief Financial Officers leverage the expertise of our Transaction Advisory group, and work hand in hand with entrepreneurs and growth companies to ensure we present a comprehensive and compelling case to our financial partners. This kind of carefully managed, robust process is the best way to ensure that the capital is sourced on time, and on the best terms the market will bear.”
Proceeds from the loan will be used to build out and support the operations of the new facility, providing the Triangle region of North Carolina with a unique blend of Sports Medicine expertise and outpatient urgent care services.
Dr. Ferro is Board Certified in Sports Medicine and is a graduate of Robert Wood Johnson Medical School and Princeton University. Dr. Ferro also completed his residency at Robert Wood Johnson. Dr. Ferro has extensive experience in sports medicine and clinical urgent/emergency care.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Wilmington, Washington D.C. and South Florida with a team of more than 40 professionals serving more than 100 companies throughout the region.
About Capital Bank
Capital Bank Financial Corp. (Nasdaq: CBF) is a national bank holding company, formed in 2009 to create a premier regional banking franchise in the southeastern United States. CBF is the parent of Capital Bank N.A., a national banking association with approximately $6.8 billion in total assets and 163 full-service banking offices throughout Florida, North Carolina, South Carolina, Tennessee and Virginia.
Capital Bank was founded with the belief that we work for you and the communities we share. We know that our success is only as great as the successes of those we serve. This is, in part, why our team of banking professionals strives to provide proactive consultation and expertise to our clients, while practicing sound fiscal discipline for all of our personal banking, business banking, loans and other services. Every day we bring integrity and a sense of passion to our work so that we can establish lasting client relationships