Bridge Bank Provides $6 Million Credit Facility to Intela
Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley, announced that its Technology Banking Division increased its existing $1 million Export-Import Bank of the United States (EX-IM) working capital line to $4.5 million for Intela, LLC, in addition to a new $1 million domestic working capital line and a $1.5 million growth capital term loan for an aggregate total of $6 million.
“Bridge Bank has helped us drive our growth internationally,” said Jim Mansfield, founder and chief executive officer of Intela, a global performance marketing company. “We strive to deliver the best consumer data acquisition services to our customers around the world, and Bridge Bank has provided an excellent credit solution, proving that their team fully comprehends our business and credit needs. I would like to thank Bridge Bank for their continued support of Intela.”
“We’re extremely pleased to be working with Intela,” said Bill Nay, senior president and market manager in Bridge Bank’s Technology Banking Division. “As consumers continue to increase their consumption of digital products and services, Intela will be able to streamline and enhance the online experience. Bridge Bank is confident in their business model and potential for growth.”
Since its foundation in 2006 in Boulder, CO, Intela has grown significantly with a four-year growth rate of 691% since 2006 and 97% between 2007 and 2010. Continuing its ambitious expansion strategy, Intela will use the bank’s credit facilities for domestic and overseas growth-oriented projects with business development in Western Europe, South America and Australasia, as well as for product development focusing on mobile marketing technologies.
Intela is a performance marketing and consumer data provider based in London, UK, with offices in Boulder, CO, and Harrisburg, PA, in the United States. Intela delivers quality leads to advertisers in numerous international markets using e-mail marketing, its multi-national affiliate network and Intela-owned custom promotional and incentive properties.