Bridge Bank Provides $6 Million to FiberLink
Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley, announced that it has provided FiberLink, LLC with a $6 million term loan.
“It was a real pleasure working with Bridge Bank on this transaction, as they took the time to fully understand our business and were flexible in adapting to our unique needs,” said Christopher J. Jensen, director of corporate development for FiberLink, LLC.
“FiberLink, LLC owns several fiber optic transmission lines running through a number of major metropolitan areas,” said Dan Pistone, senior vice president of Bridge Bank’s Technology Banking group. “And as the need for data transmission increases with the growth of digital media and communications, FiberLink will be very well-positioned to capitalize on the increased demand for long-haul data transmission bandwidth. Bridge Bank is pleased to count FiberLink as one of our newest clients as we continue to grow our technology banking practice.”
FiberLink, LLC was formed in 2004 and owns a network of data transmission assets comprised of over 2,000 fiber optic route miles covering eight states. Its networks run through eight states between Chicago and Denver and Chicago and New Orleans. FiberLink, LLC is owned by three independent telephone exchange companies and Anderson Pacific Corporation, a Chicago-based private investment firm specializing in forming and acquiring companies in the media and telecommunications industry. Its holdings include the increasingly popular BlockShopper.com, a data service for current and aspiring homeowners, homebuyers and home sellers.
With a growing nationwide web of offices and a correspondent banking network that stretches worldwide, Bridge Bank’s Technology Banking Group serves venture-backed and non venture-backed companies from inception to IPO, and companies focused on renewable energy projects.