Bhaumik Joins Avidbank to Lead New Venture Lending Group

Veteran finance executive Sam Bhaumik joined Avidbank as executive vice president of the Venture Lending Group.

Avidbank Supports Calyx Capital with Combined Credit Facilities

Avidbank Specialty Finance provided an accounts receivable line of credit and a senior term loan to Calyx Capital Partners.

Avidbank Promotes Butner to EVP/CCO

Avidbank promoted Geoff Butner to executive vice president and chief credit officer. Butner will replace Ron Oliveira, who is pursuing other opportunities outside the Bank.

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.