Daily News: August 22, 2014

Square 1 Bank Provides Position2 Facility

Square 1 Bank announced that it provided a $1 million credit facility to new client Position2, a full-service, digital marketing firm that delivers continuous growth for its customers through high performance search, social media and content marketing. Proceeds of the credit facility will provide working capital to support the company’s future growth.

Position2’s single point-of-access service provides clients with a streamlined and integrated solution for all online marketing needs including creative, search, web development, marketing automation, media, and web analytics.

Andy Weyer, senior vice president at Square 1 Bank, added, “After meeting Rajiv and recognizing his impressive business acumen and background, we were eager to work with Position2. During the diligence process, it became apparent that the company had a capital-efficient business on a strong growth trajectory. From there, it wasn’t difficult to connect the dots on a bright future ahead. We look forward to supporting the Position2 team as the company continues to grow.”