Money will aid expansion
Long Pond Physical Therapy, Inc of Plymouth is the latest recipient of a Capital Access Program loan from the Massachusetts Business Development Corporation.
The money will be used to support the company’s expansion into a new Pembroke office, said Patrick J. Gaughan, Assistant Vice President of Commercial Lending at Mayflower Bank, which funded the loan
Brian Faghan, owner of Long Pond Physical Therapy, said “We wanted to provide our clients with the best possible treatment experience. Without the loan we wouldn’t have been able to acquire the latest most advanced equipment. This equipment is necessary to achieve the best possible outcome for our patients.”
Located in Plymouth and Pembroke, Long Pond Physical Therapy is an outpatient physical therapy practice dealing with sports injuries, pre and post-operative issues and musculoskeletal conditions.
“It’s great to see the Capital Access Program helping businesses like Long Pond Physical Therapy in Plymouth and on the South Shore, and it’s programs like CAP that will keep our economy healthy,” Senate President Therese Murray said.
“One of the biggest impediments to small business in these difficult economic times is access to capital,” said State Representative Vinny deMacedo. “I’m proud that the Commonwealth is working to jump start job growth right here in Plymouth.”