Bridge Bank’s capital finance group closed a $10 million asset-based loan facility for Zuum Transportation, a California-based logistics technology provider for manufacturers, freight brokers and carriers.
“It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally recognized clients,” Justin Vogel, senior vice president in Bridge Bank’s capital finance group, said. “Bridge Bank appreciates the innovation Zuum brings to the logistics industry.”
Founded in 2016, Zuum Transportation’s clients include Tyson, Sherwin Williams and Staples. The company offers shipper transportation management systems (TMS), freight broker software, carrier TMS and a mobile app for truck drivers who are connected within the company’s Logistics Super Platform.
“We’re all about smooth processes and enhanced efficiencies, the same qualities Bridge Bank brings to clients,” Matt Tabatabai, co-founder and chief operating officer of Zuum Transportation, said. “Our goal is to defragment the logistics industry through collaboration and partnerships, including with our lender.”