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inContact Gains Line Of Credit

Salt Lake City-based inContact, which develops software-as-a-service used to manage contact centers, reports this morning that it has established a $8.5M line of credit from Zions First National Bank, plus $1M in capital equipment financing from Zions Credit Corporation. inContact said that the LOC will be available for the firm at an interest rate of LIBOR plus 4.5 percent, for a term of 2 years. The new financing facility replaces an existing, $7.5M credit line.