Medical Care Technologies, Inc. (MDCE) Closes $130,000 Loan for Construction of New State of the Art Chinese Children’s Health and Wellness Center
Medical Care Technologies, Inc., a Nevada incorporated medical services and technology company with headquarters in Beijing, today announced the closing of a $130,000 loan agreement with a private company in Hong Kong to finance the completion and construction of its first children's health and wellness center in Dongguan, Guangdong Province, China. The unsecured loan has an annual interest rate of 12% for two years. This is the last stage in funding needed to complete the licensing process of Medical Care Technologies' Chinese subsidiary Teddyberry™ and Company. "Achieving financial close is a crucial step forward in securing this license to deliver…