COSTA MESA, California, November 30, 2021 / PRNewswire / – Bridge Bank today announced that its Technology Banking Group has provided strategic financing to ShipHawk, which provides advanced order fulfillment software with expert advice for high volume retail, wholesale and e-commerce businesses.
The financing commitment includes risky debt and a recurring revenue line of credit. ShipHawk plans to use the funding to further develop its packaging and shipping platform as well as new product innovations as the demand for shipping services increases.
“Bridge Bank is well suited to work with growing technology companies like ShipHawk that solve their customers’ problems,” said Roger klarmann, senior vice president of Bridge Bank’s Technology Banking group. “The boom in e-commerce during the COVID-19 pandemic has increased demand for ShipHawk’s products and put the company on a path of rapid growth. We are happy to help them take advantage of their opportunities.
Santa barbara, californiaShipHawk is an advanced packaging and shipping software company that gives businesses the control to eliminate manual warehouse decisions, reduce order fulfillment waste, and lower shipping costs without increasing costs. workforce.
Bridge Bank’s Technology Banking group provides financing solutions to companies in a variety of technology industries at any stage of the growth cycle. From its inception to its initial public offering, the Technology Banking group has been a premier financial resource for businesses nationwide focused on bringing new technologies to market.
About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, a member of the FDIC, helps corporate clients achieve their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to do banking for small and medium businesses in many industries, as well as for emerging technology companies and the private equity community. Aimed at serving both venture capital and non-venture capital funded businesses, Bridge Bank offers a wide range of financial solutions, including credit facilities for capital, equipment and working capital. , risk debt, cash management, asset lending, SBA and commercial real estate. loans, ESOP financing and a full range of international products and services. Situated at San jose, Bridge Bank has 16 offices in major markets across the country as well as Western Alliance Bank’s powerful portfolio of specialized financial services. Western Alliance Bank is the main subsidiary of Phoenixbased at Western Alliance Bancorporation, with over $ 50 billion in assets. Western Alliance is once again # 1 of the 50 largest US public banks in the new S&P Global Market Intelligence list for 2020 and tops the Forbes list of “America’s best banks” year after year. For more information visit bridgebank.com.
SOURCE Bridge Bank