SCI Engineered Materials, Inc. Enters Into Business Loan Agreement

SCI Engineered Materials, Inc. (SCI) announced it has entered into a $1 million business loan agreement with a regional commercial bank. These funds will be used to support SCI’s working capital needs as the Company continues to implement its growth strategy. 

Dan Rooney, chairman of the Board of Directors, president and CEO, commented, “We are pleased to expand SCI’s access to capital, especially in the midst of the challenging economic environment.  It complements the company’s capital structure, increases financial flexibility, and reflects our improved financial performance.  We continue to pursue opportunities in select markets by leveraging SCI’s manufacturing capabilities, developing new products, and expanding our sales and marketing activities in key global markets.”