EQM Technologies & Energy Inc. announced that, Environmental Quality Management, a wholly owned subsidiary of the company closed on a new $10 million loan agreement with First Financial Bank, N.A. The new credit facility completely replaces the company's prior credit facility. The new credit facility provides working capital financing under a borrowing base consisting of accounts receivable and unbilled revenue and is subject to certain financial covenants and borrowing base requirements. Borrowings under the revolving credit facility will bear interest at the one month London Inter-Bank Offered Rate ("LIBOR"), plus 3.0%.

The loan agreement expires on January 21, 2014.