Avidbank Provides $10MM Line of Credit to 3Q Digital

Avidbank Specialty Finance provided a $10 million asset-based line of credit to 3Q Digital. The financing will be used to facilitate a buyback from its parent company and provide working capital to support growth.

Avidbank Provides Term Loan, L/C for School of Rock

Avidbank Specialty Finance provided School of Rock with a line of credit and term loan to help bolster the company’s plans for growth.

Avidbank Provides ATS with $6.4MM in Credit Facilities

Avidbank Specialty Finance provided $6.4 million in credit facilities to America’s Thrift Stores.

Avidbank Supports Red Monkey Acquisition of Salt Company

Avidbank Specialty Finance provided a term loan and working capital line of credit to organic spice and seasoning provider Red Monkey Foods to support its acquisition of San Francisco-based Salt Company.

Avidbank Provides $7.5MM Credit Facilities to Zumasys

Avidbank Specialty Finance, Avidbank’s technology and asset-based lending division, provided $7.5 million in credit facilities to tech company Zumasys.

Avidbank Provides $8.3MM Credit Facilities to LightPath

Avidbank Specialty Finance, Avidbank’s technology and asset-based lending division, provided $8.3 million in credit facilities to LightPath Technologies, including a $7.3 million asset-based term loan and renewal of a $1 million asset-based line of credit.

Avidbank Opens San Jose HQ & Palo Alto Retail Branch

Avidbank Holdings, a bank holding company and the parent company of Avidbank, opened its new San Jose, CA headquarters office and Palo Alto retail branch.

Avidbank Provides $8MM Line of Credit to Yes To

Avidbank Specialty Finance provided an $8 million asset-based line of credit to Yes To.

Avidbank Supports SF Equity Red Monkey Foods Buy

Avidbank Specialty Finance provided a $4 million line of credit and an acquisition term loan to support San Francisco Equity Partners’ acquisition of Red Monkey Foods.

Former Square 1, SVB Exec Butner Joins Avidbank

Geoff Butner joined Avidbank as SVP and deputy chief credit officer. He was most recently with Square 1 Bank as SVP, risk manager. Before that, he was with Silicon Valley Bank as SVP, credit officer.