The US subsidiary of BrainCool AB (publ), BrainCool Inc has been approved for an SBA loan of K $ 130 through the Paycheck Protection Program
The funds are part of the US small business administration (“SBA”) actions to support and provide a direct incentive for small businesses in the US.
The interest rate is 1 % and the term of the loan is 2 years. Furthermore one could qualify for that all of the loan can be forgiven. The forgiveness rules relate to keeping the organization and workforce in place post the Covid-19 crisis in 2020.
For more information
Martin Waleij - CEO
+46 - 733 -93 70 76
About BrainCool AB (publ)
BrainCool AB (publ) is an innovative medical device company that develops, markets, and sells leading medical cooling systems for indications and areas with significant medical benefits within the healthcare sector. The company focuses on two business segments, Brain Cooling and Pain Management. BrainCool AB (publ) is based in Lund, Sweden, and its share is listed on Spotlight Stock Market.