Bridge Bank issued a $4 million accounts receivable-based line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. Ride Health will use the line of credit to support working capital needs.
“Bridge Bank works with many innovative companies like Ride Health to deliver customized banking and financing solutions to support their growth,” Roger Klarmann, senior vice president in Bridge Bank’s New York-based technology banking group, said. “We are pleased support Ride Health’s technology-enabled approach to transportation that ensures every patient can get where they need to go to access care.”
Earlier this year, Bridge Bank provided Ride Health with a separate debt financing.
“Working with Roger and his team has been great,” Imran Cronk, founder and CEO of Ride Health, said. “We appreciate Bridge Bank’s highly responsive and tailored approach.”
