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At 38, Tom Bond checked himself into a homeless mission to rebuild his life. After a successful recovery, he was hired by the mission and spent the next 16 years helping to build one of the largest treatment communities in the country. Driven by his purpose to help others, Tom founded Summit in 2019. Summit provides residential treatment for men and women struggling with addiction and mental health issues. The empathetic relationships built among guests are as valuable as the therapy provided. Unlike many other rehabs, Summit does not accept cash or private insurance.
Due to the nature of the accreditation and licensing process, especially in the Covid-era, Summit’s timeline was delayed. Tom needed capital to fund the operating costs of the company and support its significant expansion plans.
Big Think Capital provided the financial support needed for Summit’s expansion. This funding enabled Summit to grow from one location with 12 beds to five facilities with 56 beds, with plans to further expand to nine facilities and over 100 beds.
“We are in the midst of a significant expansion, from 1 location with 12 beds to five facilities and 56 beds, and from there we will expand to a total of 9 facilities and over 100 beds. After I applied for funding with an aggregator, I was deluged with offers. I still have several companies calling me almost every day. There was something different about the way Langdon solicited me. He was very assured of what he was doing. He was extremely responsive but never pushy. He takes a relational approach, not transactional.”
With the support of Big Think Capital, Summit Maryland successfully:
The partnership with Big Think Capital has enabled Summit Maryland to pursue its mission of helping more individuals find their way out of the darkness.
“Tom has an inspiring story and an amazing mission to help others at Summit. Being able to provide him and his team with the requested funding to help reach their goals of expansion is something I am very proud of. I definitely look forward to watching their growth and expanded access offering help for those in need with the resources in their programs.”
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Disclaimer: The above information is provided as a guideline. Some loan conditions may fall outside of these parameters. We recommend that you speak with one of our advisors before taking any course of action based on this information.
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