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Stephen Hicks, Chairman and CEO of Southridge, LLC (“Southridge”), today announced that Southridge Partners II, an institutional investor, has entered into a $10 million equity purchase agreement with TechniScan, Inc. (OTC BB: TSNI), a medical device company engaged in the development and commercialization of an automated 3D breast ultrasound imaging system.

We are excited to be TechniScan’s equity investor in this major phase of developing better breast cancer diagnostics,” said Mr. Hicks. “Southridge is committed to working with TechniScan in the vital research of this emerging technology.”

Pursuant to a purchase agreement, TechniScan has the right, at its discretion, to sell to Southridge up to $10 million of its common stock over a 24-month period. The Company will have the right, but is not obligated, to sell stock to Southridge depending on certain conditions as set forth in the purchase agreement.

People with near-perfect credit scores are more likely to get the loan they want compared to someone with bad credit. But what about people who have low credit scores, and those who are considered people with bad credit? Are loans available only for the lucky few who take care of their credit standing? The answer is ‘no’. Even though that is what everyone believes, even people with bad credit can get a loan. Not believed that it was impossible to take bad credit loans. Non-performing loans is a layman’s understanding of the difficult loans that already billed. Meanwhile, non-performing loans (NPL) or non-performing loans (problem loans) is the term used among banks. A loan can be classified as loss if the debtor is no longer paying interest and / or the installment of more than six months in accordance with the provisions.

For those of you who have never applied for credit to the bank, here I give a little information about bank credit facilities offered to the debtor (you as the applicant’s debt / credit). Examples are business credit facilities. Business credit is the credit used to finance the business turnover or business so as to produce something productive, like trading business, home industry, business consulting services, and others. If you have a business that its prospects look bright enough, you can come to the bank and request to be able to get loans for your business.
People with near-perfect credit scores are more likely to get the loan they want compared to someone with bad credit. But what about people who have low credit scores, and those who are considered loans for people with bad credit? Are loans available only for the lucky few who take care of their credit standing? The answer is ‘no’. Even though that is what everyone believes, even people with bad credit can get a loan.
And do not forget to let the lenders pull up your credit report. Although it may be bad, do not be ashamed or afraid when they see your credit history. It is not difficult to get someone with a bad credit loans because many people think. It is more appropriate to think of availing mortgage loans for people with bad credit is the first step to improving your credit standing. It would be smart to assume that getting a mortgage loan is the first step to repair bad credit. To ensure faster processing of your loan, you will almost certainly be self-motivated to improve your credit because of the tedious process of getting one with bad credit.