Bridge Bank extended a $25 million credit facility to Health-Ade, a Los Angeles-based organic beverage company that sells its beverages in more than 35,000 retailers, including Whole Foods, Target and Publix. The new credit facility will be used to support growth and expansion initiatives.
“Bridge Bank was able to give us the structure and flexibility we were seeking in a lending partner,” Gary Cooperman, CFO at Health-Ade, said. “We had the ability to craft a tailored financial solution that truly worked for us.”
“We are pleased to work with the team at Health-Ade and to support them in their growth and expansion initiatives,” Mark Breneman, senior vice president in Bridge Bank’s technology banking group, said. “We look forward to watching Health-Ade’s continued strong growth and being there to support them.”