SharpSpring signed a loan and security agreement with Bridge Bank, a division of Western Alliance Bank, for a $2.5 million revolving credit facility with a maturity date of March 21, 2018.

“This new credit facility strengthens our balance sheet and provides us with additional flexibility to meet, under favorable terms, liquidity needs that might arise until we return to profitability in the next few quarters,” said SharpSpring CFO Ed Lawton. “The credit facility extends our ability to continue expanding our marketing automation platform and positions us to benefit from the increasing demand for our solutions.”

“We are impressed with the SharpSpring team and the company’s positioning in the marketing automation space,” said Alan Spurgin, region director, MidAtlantic/Southeast at Bridge Bank.

SharpSpring is a provider of cloud-based marketing and email software solutions, ranging from marketing automation to scalable transactional email, email marketing and mobile marketing services.