ReadySet Surgical, a Norwood-based medical technology firm, would use a $900,000 loan from Ohio’s Commercial Acceleration Loan Fund to expand and create 15 full-time jobs, Cincinnati.com reports. ReadySet, which plans a $1.2 million total investment, “has developed a cloud-based platform to improve coordination of surgical vendor inventory,” according to the article. The loan would “help the company finance inventory for its surgical grade tables, onboarding of new hospital systems, staffing and the rollout of its replacement of manual invoicing systems.” Ohio Third Frontier, part of the Ohio Development Services Agency, manages the loan program that is “designed to bridge the gap between an early-stage company’s need for capital and traditional commercial sources of financing typically reserved for established businesses.” For more, read the full article.
State grants $900,000 loan to Norwood med-tech company
