IZEA, Inc., the pioneer of Social Media Sponsorship, closed a new $1.5 million secured credit facility with Bridge Bank of San Jose, CA. The credit facility is based upon an advance rate of the company’s eligible trade accounts receivable.
“The company is delighted to be working with a full-service professional business bank dedicated to meeting the financial needs of emerging technology businesses,” said Ted Murphy, founder and CEO of IZEA. “Our engagement with Bridge Bank provides us with additional financial flexibility as we continue to grow IZEA.”
IZEA operates multiple online marketplaces including Staree, Sponsored Tweets and SocialSpark. IZEA connects advertisers with social media influencers, helping them monetize their social media presence.
Bridge Bank serves the financial needs of small, middle-market and emerging technology businesses.