Costa Mesa, California, June 3, 2021 /PRNewswire/ – Bridge bank Announced today to close USD 25 million Credit arrangement with Targeted Lease Capital LLC (TLC), Williamsville, New York-Companies that provide equipment financing loans to small businesses.
Bridge Bank and Ogden, UtahBased on TAB Bank’s increase in credit line, this will be used to support TLC’s loan platform.
“TLC still has a great demand for its financial products,” said Brian Gallo, Chief Operating Officer of TLC. “This USD 25 million The facilities provided by Bridge Bank allow us to expand support for small businesses across the country by providing flexible and affordable financing options for all their equipment needs. “
“Bridge Bank is pleased to help Targeted Lease Capital ensure that its customers have a seamless experience when financing equipment purchases,” Darling Cunningham, Vice President of Bridge Bank Capital Financial Group. “We look forward to supporting the continued growth of TLC.”
Bridge Bank’s Capital Finance Group provides comprehensive asset-based loan solutions for a wide range of industries, including software, technology, staffing, hardware, manufacturing, etc., covering all stages of its life cycle-from start-ups to large listed companies.
“TAB Bank is committed to a partnership like the one we developed with Bridge Bank,” Brett HorwitzManaging Director of TAB Bank and Head of Origin Western Region. “We are delighted to have the opportunity to work with the Bridge Bank team to meet the working capital needs of one of their fast-growing clients, and look forward to supporting Targeted Lease Capital as they execute the next exciting phase of their growth strategy.”
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank and a member of the FDIC, helping business customers realize their ambitions. Bridge Bank was established in Silicon Valley in 2001 to provide a better banking service method for small and medium enterprises in many industries, as well as emerging technology companies and private equity communities. Bridge Bank provides a wide range of financial solutions for venture capital support and non-venture capital support companies, including capital, equipment and working capital credit arrangements, risky debt, fund management, asset-based loans, SBA and commercial real estate loans, ESOP financing, and A full range of international products and services.Based on San Jose, Bridge Bank has 16 offices in major markets across the country, as well as Western Alliance Bank’s strong professional financial services.Western Union Bank is its main subsidiary Phoenix-Headquartered at Western Union Bank. As one of the country’s best-performing banking companies, Western Alliance once again ranked first among the 50 largest public banks in the United States newly listed on Standard & Poor’s Global Market Intelligence in 2020, and on the Forbes “Best Bank in the United States” list Among the best in the next few years.For more information, please visit Bridge Bank Network.
About Targeted Lease Capital LLC
Targeted Lease Capital is a professional financial company that provides equipment financing loans to small businesses nationwide, including 5,000 USD to 250,000 USD. To learn more about targeted lease capital, please visit www.targetedleasecapital.com Or call 716-266-6700.
About TAB Bank
TAB Bank, a member of the FDIC, provides customized working capital solutions for commercial enterprises in all walks of life. The structure of these solutions can meet the needs of the company at all stages of the business life cycle and under any economic conditions. TAB Bank does this through a variety of flexible asset-based loan products, including asset-based revolving loans, accounts receivable financing, credit lines, and equipment financing. TAB’s loan options can also be combined with a complete set of commercial banking and fund management services to provide overall solutions to daily business challenges.For more information, please visit www.tabbank.com.
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SOURCE Bridge Bank