Exhibit 10.14

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SILICON VALLEY BANK  SPECIALTY FINANCE DIVISION

ACCOUNTS RECEIVABLE FINANCING AGREEMENT

This
ACCOUNTS RECEIVABLE FINANCING AGREEMENT (the "Agreement"), dated as of the Effective Date is between Silicon Valley Bank, Specialty Finance Division of ("Bank"), and Fischer Imaging
Corporation a Delaware corporation, ("Borrower"), whose address is 12300 N. Grant St., Denver, Colorado 80241 and with a FAX number of 303-254-2599.

1.Definitions. In this Agreement:

"Accounts" are all existing and later arising accounts, contract rights, and other obligations owed Borrower in connection with its sale
or lease of goods (including licensing software and other technology) or provision of services, all credit insurance, guaranties, other security and all merchandise returned or reclaimed by Borrower
and Borrower's Books relating to any of the foregoing.

"Account Debtor" is defined In the California Uniform Commercial Code and shall include any person liable on any Financed Receivable, such
as, a guarantor of the Financed Receivable and any issuer of a letter of credit or bankers acceptance.

"Adjustments" are all discounts, allowances, returns, disputes, counterclaims, offsets, defenses, rights of recoupment, rights of return,
warranty claims, or short payments, asserted by or on behalf of any Account Debtor for any Financed Receivable.

"Administrative Fee" is defined in Section 3.3.

"Advance" is defined in Section 2.2.

"Advance Rate" is 80%, net of deferred revenue and offsets related to each specific Account Debtor, or another percentage as Bank
establishes under Section 2.2.

"Applicable Rate" is a rate per annum equal to the "Prime Rate" plus 2.75 percentage points.

"Borrower's Books" are all Borrower's books and records including ledgers, records regarding Borrowers assets or liabilities, the
Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information.

"Code" is the California Uniform Commercial Code.

"Collateral" is attached as Exhibit "A".

"Collateral Handling Fee" is defined in Section 3.5.

"Collections" are all funds received by Batik from or on behalf of an Account Debtor for Financed Receivables.

"Compliance Certificate" is attached as Exhibit "B".

"Early Termination Fee" is defined in Section 3.6.

"Effective Date" is the date in which the Bank executes this Agreement.

"Event of Default" is defined in Section 9.

"Facility" is an extension of credit by Bank to Borrower in order to finance receivables with an aggregate Account Balance not exceeding
the Facility Amount.

"Facility Amount" is $8,000,000.00.

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"Facility Fee" is defined in Section 3.4.

"Facility Period" is the period beginning on this date and continuing until the Maturity Date, unless the period is terminated sooner by
Bank with notice to Borrower or by Borrower under Section 3.5.

"Finance Charges" is defined in Section 3.2.

"Financed Receivables" are all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles,
letters of credit, drafts, bankers acceptances, and rights to payment; and all proceeds, including their proceeds (collectively "receivables"), Which Bank purchases and make an Advance. A Financed
Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made for the Financed Receivable has been finally paid.

"Financed Receivable Balance" is the total outstanding amount, at any time, of all Financed Receivables.

"Good Faith Deposit" is described in Section 3.9.

"Guarantor" means any guarantor of the Obligations.

"Ineligible Receivable" is any accounts receivable:



"Insolvency Proceeding" are proceedings by or against any person under the United States Bankruptcy Code, or any other bankruptcy or
insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement; or other relief.

"Invoice Transmittal" shows accounts receivable which Bank may finance and, for each receivable, includes the Account Debtors, name,
address, invoice amount, invoice date and invoice number and is signed by Borrowers authorized representative.

"Lockbox" is described in Section 6.2.

"Maturity Date" is                        , 2004.

"Obligations" are all advances, liabilities, obligations, covenants and duties owing, arising, due or payable by Borrower to Bank now or
later under this Agreement or any other document, instrument or agreement, account (including those acquired by assignment) primary or secondary, such as all Advances, Finance Charges, Administrative
Fees, interest, fees, expenses, professional fees and attorneys' fees or other.

"Person" is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust, unincorporated
organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency.

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"Prime Rate" is the higher of (a) Bank's most recently announced "prime rate," even if it is not Bank's lowest rate, or
(b) 4.25%.

"Reconciliation Day" is the last calendar day of each month.

"Reconciliation Period" is each calendar month.

"Subsidiary" is for any Person, a joint venture, or any other business entity of which more than 50% of the voting stock or other equity
interests is owned or controlled, directly or indirectly, by the Person or one or more Affiliates of the Person.

"Tangible Net Worth" is, on any date, the consolidated total assets of Borrower and its Subsidiaries minus, (i) any amounts
attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, patents, trade and service marks and names, copyrights and research and development
expenses except prepaid expenses, and (c) reserves not already deducted from assets,and(ii) Total Liabilities plus Subordinated Debt.

"Temporary Advance Limit" shall have the meaning as set forth in Section 2.3.

"Total Liabilities" is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower's consolidated balance
sheet, including all indebtedness and Subordinated Debt

2.Financing of Accounts Receivable.



3.Collections, Finance Charges, Remittances and Fees. The Obligations shall be subject to the following fees and Finance
Charges. Fees and Finance Charges may, in Bank's discretion, be charged as an Advance, and shall thereafter accrue fees and Finance Charges as described below. Bank may, in its discretion, charge fee
and Finance Charges to Borrowers deposit account maintained with Bank.



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4.Repayment of Obligations.



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5.Power of Attorney. Borrower irrevocably appoints Bank and its successors and assigns as Borrower's
attorney-in-fact and authorizes Bank to:



6.Representations, Warranties and Covenants.



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7.Adjustments. If any Account Debtor asserts a discount, allowance, return, offset, defense, warranty claim, or the like or
if Borrower breaches any of the representations, warranties or covenants set forth in Section 6., Borrower will promptly advise Bank. Borrower will resell any rejected, returned, returned, or
recovered personal property for Bank, at Borrower's expense, and pay proceeds to Bank. While Borrower has returned goods that are Borrower property, Borrower will segregate and mark them "property of
Silicon Valley Bank." Bank owns the Financed Receivables and until receipt of payment, has the right to take possession of any rejected, returned, or recovered personal property.

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8.Security Interest. Borrower grants to Bank a continuing security interest in all presently and later acquired Collateral
to secure all Obligations and the performance of each of Borrower's duties hereunder. Any security interest will be a first priority security interest in the Collateral.

9.Events of Default. Any one or more of the following is an Event of Default.



10.Remedies.



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11.Fees, Costs and Expenses. The Borrower will pay on demand all fees, costs and expenses (including attorneys' and
professionals fees with costs and expenses) that Bank incurs from: (a) preparing, negotiating, administering, and enforcing this Agreement or related agreement, including any amendments,
waivers or consents, (b) any litigation or dispute relating to the Financed Receivables, the Collateral, this Agreement or any other agreement, (c) enforcing any rights against Borrower
or any guarantor, or any Account Debtor, (d) protecting or enforcing its interest in the Financed Receivables or other Collateral, (e) collecting the Financed Receivables and the
Obligations, and (f) any bankruptcy case or insolvency proceeding involving Borrower, any Financed Receivable, the Collateral, any Account Debtor, or any Guarantor.

12.Choice of Law, Venue and Jury Trial Waiver.



13.Notices. Notices or demands by either party about this Agreement must be in writing and personally delivered or sent by
an overnight delivery service, by certified mail postage prepaid return receipt requested, or by FAX to the addresses listed at the beginning of this Agreement A party may change notice address by
written notice to the other party.

14.General Provisions.



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|BORROWER:                 |  | FISCHER IMAGING CORPORATION,
a Delaware corporation |  | 
|------------------------- |  | --------------------------------------------------- |  | 
|By:                       |  | /s/STEPHEN BURKE                                    |  | 
|Title:                    |  | CFO                                                 |  | 
|BANK: SILICON VALLEY BANK |  |                                                    
|By:                       |  | /s/KEVIN L. GROSSMAN                                |  | 
|Title:                    |  | SVP                                                 |  | 
|Effective Date:           |  | 6-11-03                                             |  | 

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Exhibit "B"

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SILICON VALLEY BANK
SPECIALTY FINANCE DIVISION

Compliance Certificate

I,
as authorized officer of Fischer Imaging Corporation ("Borrower") certify under the Accounts Receivable Financing Agreement (the "Agreement") between Borrower and Silicon Valley Bank
("Bank") as follows.

Borrower represents and warrants for each Financed Receivable:

It is the owner with legal right to sell, transfer and assign it;

The
correct amount is on the invoice Transmittal and is not disputed;

Payment
is not contingent on any obligation or contract and it has fulfilled all its obligations as of the Invoice Transmittal date;

It
is based on an actual sale and delivery of goods and/or services rendered, due to Borrower, it is not past due or in default, has not been previously sold, assigned, transferred, or
pledged and is free of any liens, security interests and encumbrances;

There
are no defenses, offsets, counterclaims or agreements for which the Account Debtor may claim any deduction or discount;

It
reasonably believes no Account Debtor is insolvent or subject to any Insolvency Proceedings;

It
has not flied or had flied against it proceedings and does not anticipate any filing;

Bank
has the right to endorse and/or require Borrower to endorse all payments received on Financed Receivables and all proceeds of Collateral.

No
representation, warranty or other statement of Borrower in any certificate or written statement given to Bank contains any untrue statement of a material fact or omits to state a
material fact necessary to make the statement contained in the certificates or statement not misleading.



Borrower is duly existing and in good standing in its state of formation and qualified and licensed to do business in, and in good standing in, any state in which
the conduct of its business or its ownership of property requires that it be qualified. The execution, delivery and performance of this Agreement has been duly authorized, and do not conflict with
Borrower's formations documents, nor constitute an Event of Default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which or by which it is
bound.

Borrower
has good title to the Collateral. All inventory is in all material respects of good and marketable quality, free from material defects.

Borrower
is not an "investment company" or a company "controlled" by an "investment company" under the investment Company Act. Borrower is not engaged as one of its important activities
in extending credit for margin stock (under Regulations G, T and U of the Federal Reserve Board of Governors). Borrower has complied with the Federal Fair Labor Standards Act. Borrower has not
violated any laws, ordinances or rules. None of Borrower's properties or assets has been used by

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Borrower,
to the best of Borrower's knowledge, by previous persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower has timely filed
all required tax returns and paid, or made adequate provision to pay, all taxes. Borrower has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given
all notices to, all government authorities that are necessary to continue its business as currently conducted.

All
representations and warranties in the Agreement are true and correct in all material respects on this date.

|Sincerely                 |  |  |  | 
|------------------------- |  |  |  | 
|/s/STEPHEN BURKESIGNATURE |  |  |  | 
|CFOTITLE                  |  |  |  | 
|6-11-03DATE               |  |  |  | 

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SILICON VALLEY BANK
SPECIALTY FINANCE DIVISION

SECRETARY'S
CERTIFICATE OF RESOLUTION

I,
as Secretary of Fischer Imaging Corporation, aDelawarecorporation (the "Corporation"), certify that at a meeting duly convened at
which a quorum was present the following resolutions were adopted by the Board of Directors of the Corporation and that these resolutions have not been modified, amended, or rescinded and remain
effective as of today's date.

It
is resolved that any one of the following officers of the Corporation, whose name, title and signature is below:

|NAME          |  | TITLE |  | SIGNATURE        
|------------- |  | ----- |  | -----------------
|Stephen Burke |  | CFO   |  | /s/ Stephen Burke
|Harris Ravine |  | CEO   |  | /s/ Harris Ravine
|              |  |       |  |                  
|              |  |       |  |                  

may
act for Borrower and:



Further
resolved that all acts authorized by these Resolutions and performed before they were adopted are ratified. These Resolutions remain in effect and Bank may rely on them until Bank receives
written notice of their revocation.

I
certify that the persons listed above are the Corporation's officers with the titles and signatures shown following their names and that these resolutions have not been modified are currently
effective.

|X/s/ Stephen
Burke                        6-11-03 |  | 
|------------------------------------------------- |  | 
|                                                  |  | 
|*Secretary or Assistant Secretary      Date       |  | 
|X/s/ Harris
Ravine                        6-11-03 |  | 
|                                                  |  | 

If
the certifying officer is designated as a signer in these resolutions then another corporate officer must also sign.

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FORM
OF LANDLORD'S CONSENT

RECORDING
REQUESTED BY
AND WHEN RECORDED RETURN TO:
SILICON VALLEY BANK
3003 Tasman Drive
Santa Clara, CA 95054
Attn:        Loan Services

CONSENT TO REMOVAL OF PERSONAL PROPERTY

KNOW
ALL PERSONS BY THESE PRESENTS:

NOW,
THEREFORE, the undersigned consents to the placing of the Equipment on the Real Property, and agrees with Bank as follows:



IN
WITNESS WHEREOF, the undersigned has executed this instrument at12300 N. Grant Street, Thornton, CO 80241this 11thday ofJune, 2003.

| |  | By:    |  | /s/MORGAN W. NIELDS         
| |  | ------ |  | ----------------------------
| |  | Title: |  | General PartnerJN Properties

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ATTACHMENT 1

LEGAL
DESCRIPTION OF PREMISES

[To
Be Provided By Borrower]

12300
N. Grant Street, Thornton, CO 80241

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INTELLECTUAL PROPERTY SECURITY AGREEMENT

This Intellectual Property Security Agreement (this "IP Agreement") is made as of the Effective Date by and between Fischer Imaging Corporation, a Delawarecorporation ("Grantor"), and Silicon Valley Bank, a California banking corporation ("Bank").

RECITALS

A.
Bank will make advances to Grantor ("Advances") as described in the Accounts Receivable Financing Agreement (the "Financing Agreement"), but only if Grantor grants Bank a security
interest in its Copyrights, Trademarks, Patents, and Mask Works. Defined terms used but not defined herein shall have the same meanings as in the Financing Agreement

B.
Pursuant to the terms of the Financing Agreement, Grantor has granted to Bank a security interest in all of Grantor's right title and interest, whether presently existing or hereafter
acquired in, to and under all of the Collateral.

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged and intending to be legally bound, as
collateral security for the prompt and complete payment when due of Grantor's Indebtedness under the Financing Agreement, Grantor hereby represents, warrants, covenants and agrees as follows:

1.Grant of Security Interest. As collateral security for the prompt and complete payment and performance of all of Grantor's
present or future Indebtedness, obligations and liabilities to Bank, Grantor hereby grants a security interest in all of Grantor's right, title and interest in, to and under its Intellectual Property
Collateral (all of which shall collectively be called the "Intellectual Property Collateral"), including, without limitation, the following:



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2.Authorization and Request. Grantor authorizes and requests that the Register of Copyrights and the Commissioner of Patents
and Trademarks record this IP Agreement.

3.Covenants and Warranties. Grantor represents, warrants, covenants and agrees as follows:



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4.Bank's Rights. Bank shall have the right, but not the obligation, to take, at Grantor's sole expense, any actions that
Grantor is required under this IP Agreement to take but which Grantor fails to take, after fifteen (15) days' notice to Grantor. Grantor shall reimburse and indemnify Bank for all reasonable
costs and reasonable expenses incurred in the reasonable exercise of its rights under this Section 4.

5.Inspection Rights. Grantor hereby grants to Bank and its employees, representatives and agents the right to visit, during
reasonable hours upon prior reasonable written notice to Grantor, and any of Grantor's plants and facilities that manufacture, install or store products (or that have done so during the prior
six-month period) that are sold utilizing any of the Intellectual Property Collateral, and to inspect the products and quality control records relating thereto upon reasonable written
notice to Grantor and as often as may be reasonably requested, but not more than one (1) in every six (6) months; provided, however, nothing herein shall entitle Bank access to Grantor's
trade secrets and other proprietary information.

6.Further Assurances; Attorney in Fact.



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7.Events of Default. The occurrence of any of the following shall constitute an Event of Default under this IP Agreement



8.Remedies. Upon the occurrence and Continuance of an Event of Default, Bank shall have the right to exercise all the
remedies of a secured party under the California Uniform Commercial Code, including without limitation the right to require Grantor to assemble the Intellectual Property Collateral and any tangible
property in which Bank has a security interest and to make it available to Bank at a place designated by Bank. Bank shall have a nonexclusive, royalty free license to use the Copyrights, Patents,
Trademarks, and Mask Works to the extent reasonably necessary to permit Bank to exercise its rights and remedies upon the occurrence of an Event of Default Grantor will pay any expenses (including
reasonable attorney's fees) incurred by Bank in connection with the exercise of any of Bank's rights hereunder, including without limitation any expense incurred in disposing of the Intellectual
Property Collateral. All of Bank's rights and remedies with respect to the Intellectual Property Collateral shall be cumulative.

9.Indemnity. Grantor agrees to defend, indemnify and hold harmless Bank and its officers, employees, and agents against
(a) all obligations, demands, claims, and liabilities claimed or asserted by any other party in connection with the transactions contemplated by this IP Agreement, and (b) all losses or
expenses in any way suffered, incurred, or paid by Bank as a result of or in any way arising out of, following or consequential to transactions between Bank and Grantor, whether under this IP
Agreement or otherwise (including without limitation, reasonable attorneys fees and reasonable expenses), except for losses arising from or out of Bank's gross negligence or willful misconduct.

10.ReassignmentAt such time as Grantor shall completely satisfy all of the obligations secured hereunder, Bank shall
execute and deliver to Grantor all deed, assignments, and other instruments as may be necessary or proper to reinvest in Grantor full title to the property assigned hereunder, subject to any
disposition thereof which may have been made by Bank pursuant hereto.

11.Course of Dealing. No course of dealing, nor any failure to exercise, nor any delay in exercising any right, power or
privilege hereunder shall operate as a waiver thereof.

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12.Attorneys' Fees. If any action relating to this IP Agreement is brought by either party hereto against the other party,
the prevailing party shall be entitled to recover reasonable attorneys' fees, costs and disbursements.

13.Amendments. This IP Agreement may be amended only by a written instrument signed by both parties hereto.

14.Counterparts. This IP Agreement may be executed in two or more counterparts, each of which shall be deemed an original
but all of which together shall constitute the same instrument.

15.Law and Jurisdiction. This IP Agreement shall be governed by and construed in accordance with the laws of the State of
California, without regard for choice of law provisions. Grantor and Bank consent to the nonexclusive jurisdiction of any State or federal court located in Santa Clara County, California

16.Confidentiality. In handling any confidential information, Bank shall exercise the same degree of care that it exercises
with respect to its own proprietary information of the same types to maintain the confidentiality of any nonpublic information thereby received or received pursuant to this IP Agreement except that
the disclosure of this information may be made (i) to the affiliates of the Bank, (ii) to prospective transferee or purchasers of an interest in the obligations secured hereby, provided
that they have entered into comparable confidentiality agreement in favor of Grantor and have deliver a copy to Grantor, (iii) as required by law, regulation, rule or order, subpoena judicial
order or similar order and (iv) as may be required in connection with the examination, audit or similar investigation of Bank.

IN
WITNESS WHEREOF, the parties hereto have executed this IP Agreement on the day and year first above written.

|Address of Grantor:                       |  | GRANTOR:                                         
|----------------------------------------- |  | -------------------------------------------------
|12300 N. Grant St.
Denver, Colorado 80241 |  | Fischer Imaging Corporation, aDelawarecorporation
|                                          |  | By:                                              
|                                          |  | Name:                                            
|                                          |  | Title:                                           

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Exhibit "D"
attached to that certain Intellectual Property Security Agreement.

EXHIBIT
"D"

MASK
WORKS

|MASK WORK
DESCRIPTION |  | COUNTRY |  | SERIAL NO. |  | REG. NO |  | STATUS
|--------------------- |  | ------- |  | ---------- |  | ------- |  | ------

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