Vantage Clinical Solutions has received a $10,000 forgivable loan from Deschutes County to help pay for new employees, servers and other computer equipment, the company announced Monday.
Under terms of the loan, Vantage, a health care consulting, management and marketing company based in Bend, must hire five full-time employees over the next two years, and the jobs must be maintained through March 2016, according to a news release from Vantage. The company has made two hires that comply with the agreement, bringing its total employee count to 13, said Tannus Quatre, president and CEO.
If companies receiving forgivable loans meet the terms, the loans are forgiven. If they do not, they could be required to pay back the loan amount, plus interest.
Deschutes County commissioners approved the loan request June 26, according to meeting minutes.