Collagen Solutions PLC - biomaterials and regenerative medicines maker - US subsidiary Collagen Solutions US Inc gets a USD150,000 loan in the form of a promissory note from the US government's Small Business Administration's Covid-19 economic support programme. The loan has a 30-year term with an interest rate of 3.75% with the first payment due in 12 months. The cash will be used for working capital. In May, the company received a NZD35,000 grant from the New Zealand Ministry for Social Development as well as a USD240,000 US government-backed forgivable loan.
Current stock price: 2.80 pence
Year-to-date change: down 18%
By Ife Taiwo; ifetaiwo@alliancenews.com
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