HPSC increases loan size to $75 million

By Sara Rosenberg

New York, May 21 - HPSC Inc. increased the size of its credit facility to $75 million from $50 million. Foothill Capital Corp. is the lead bank on the loan.

Citizens Financial Group and BankNorth Group are also participating in this expanded facility.

"This increased line of credit will enable us to finance the continuing growth of our business. We are very pleased with the support that we are receiving from these financial institutions," said John W. Everets, chairman and chief executive officer, in a news release.

HPSC is a Boston non-bank financial services company.

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