Monday, January 23, 2006

UMD Development Receives Line of Credit

Phoenix, Arizona-based UMD Development, a provider of electronic test products, has received a $1.5M workign capital line of credit from Silicon Valley Bank, guaranteed by Ex-Im Bank. Export-Import Bank of the United States said that UMD will use the line of credit to sell test sockets in European and Asian markets. UMD employs 125 in Phoenix.