Daily News: July 11, 2019

Avidbank Provides $5.5 Facilities to Envoy Group


Avidbank Specialty Finance, a division of Avidbank, has provided Envoy Group with combined credit facilities of $5.5 million to provide working capital.

Based in Irvine, CA and founded in 2010, the Envoy Group is a full-service design and innovation consultancy. The credit commitment will be used to support the company’s growth.

“We are very excited about our new banking and lending partnership with Envoy Group,” said Darryl Karmen, senior vice president of Avidbank. “We look forward to seeing our new client build on its success and enter its next phase of growth in the fast-paced and dynamic digital media industry.”