Daily News: September 9, 2014

Square 1 Announces Major League Gaming Facility

Square 1 Bank announced it provided a credit facility to new client Major League Gaming (MLG), the global leader in eSports.

Proceeds will be used to supplement working capital as the company continues to expand its client base.

“We are happy to partner with Square 1 Bank and have them support our efforts as we continue to expand our leadership position in the evolving eSports industry,” said Greg Chisholm, CFO of Major League Gaming.

“We are extremely proud to partner with a market leader like MLG,” said Brad Ellis, SVP and managing director in Square 1 Bank’s NYC technology practice. “The MLG team has built a phenomenal business with the entrepreneurial spirit that we love here at Square 1. The company had an early vision into the eSports market and we are excited to watch them continue to grow for years to come.”

Major League Gaming (MLG) is a global provider of eSports.