Articles from Bridge Bank

Bridge Bank, a division of Western Alliance Bank, Member FDIC, today announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc. (Nasdaq: AEYE).

Bridge Bank announced today that its Technology Banking Group has closed a $47 million term loan with Divergent Technologies Inc. to support the company’s continued growth.

Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president.

Bridge Bank today announced that its Technology Banking Group increased EliseAI’s line of credit from $15 million to $30 million to support the company’s continued growth.

Bridge Bank today announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York. Gooten will use the funds for continued growth and expansion.

Bridge Bank today announced the addition of Nam Nguyen as vice president and relationship manager in the Corporate Banking Group. Nguyen will be based in Bridge Bank’s East Bay Loan Production office, located in Pleasanton, California. He will be responsible for managing loan and financing activity for a broad portfolio of complex middle-market companies.

Bridge Bank today announced that its Capital Finance Group has added three new hires to support key markets. The new team members, based in Seattle, Chicago and Las Vegas, will serve Bridge Bank clients nationwide.

Bridge Bank today announced its Capital Finance Group has closed on a $3 million credit facility for Innovative Lease Services Inc., a Carlsbad, California-based provider of commercial equipment financing and leasing services. Innovative Lease Services (ILS) plans to use the funding to help grow its lease portfolio.

Bridge Bank today announced that its Technology Banking Group has recently hired six senior-level team members who will work in technology hubs across the Western United States as part of the team’s ongoing expansion.

Bridge Bank today announced it closed a $10 million line of credit, back in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.

Bridge Bank today announced that its Boston office has closed on a $65 million loan package for connectRN, a platform connecting nurses and aides with flexible work opportunities.

Bridge Bank today announced an expansion of its East Coast Business Escrow Services team with the addition of attorney Allison Netto.

Bridge Bank today announced an expansion of its Business Escrow Services team with the addition of Laura Cawley.

Bridge Bank today announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group.

Bridge Bank today announced an expansion of its Business Escrow Services team with the addition of Doug Weaver and Kerry McDonough.

Bridge Bank’s Global Markets Group today announced the hiring of James Barron as senior foreign exchange sales advisor. Based in Boston, Barron will focus on expanding the East Coast presence of Bridge Bank’s Global Markets Group, formerly International Banking.

Bridge Bank is adding even more benefits for Startup Banking clients with a new Bridge to Growth Money Market Account featuring a 3.00% interest rate (3.04% APY)1 and a $1,000 bonus for new Bridge to Growth Analyzed Business Checking Account clients.2

Bridge Bank today announced that its Technology Banking Group has closed a $15 million line of credit for EliseAI, a New York City-based technology company dedicated to building the world’s most advanced conversational artificial intelligence platform with an initial focus on rental housing.

Bridge Bank today announced its Technology Banking Group has closed on a $5 million monthly recurring revenue (MRR) line of credit for Tourmo, a San Diego-based artificial intelligence (AI) mobility company that helps businesses optimize mobile workforce operations.

Bridge Bank today announced its Structured Finance Group has closed on credit facilities totaling $7.5 million for San Diego-based Blue Sky eLearn.

Bridge Bank today announced its Technology Banking Group has closed on a $40 million credit facility for Sayari Labs Inc., a Washington, D.C.-based leader in financial intelligence and supply chain risk solutions.

Bridge Bank today announced its Technology Banking Group has provided $7 million in venture debt to Appcues, which builds technology to identify onboarding issues and provide low-code, non-technical solutions to fix them. The deal was led by Brendan Carr and Michael Walsh, both of whom are based in Bridge Bank’s Boston office.

Bridge Bank today announced it is expanding its national focus on Startup Banking with a key hire, Kelly Caviglia. She joins the Technology Banking group to spearhead the bank’s ongoing work with early-stage tech and innovation companies to support their banking needs as they grow.

Bridge Bank today announced its Capital Finance Group has closed on a $10 million asset-based loan facility for Zuum Transportation Inc., a California-based logistics technology provider for manufacturers, freight brokers and carriers.