Daily News: August 20, 2013

Square 1 Bank Provides Credit Facility to NanoLumens

Square 1 Bank said it has provided a credit facility to NanoLumens, an Atlanta-based manufacturer and marketer of award-winning flexible and fixed LED displays. Proceeds from the facility will help fuel continued growth for the company.

Peter Meath, co-founder and senior vice president in Square 1 Bank’s technology banking group, said, “I was very impressed with the vision, experienced management team and long-term business plan of NanoLumens. Square 1 is excited to be a part of their continued success in the digital signage space.”

“Square 1 Bank has a demonstrated record of success in helping entrepreneurs and their companies rapidly scale their business,” NanoLumens president and CEO Rick Cope noted. “The proceeds of this new credit facility will help us to better meet the rapidly growing demand for our solutions while we continue to develop a host of new products for both current and new markets. The strong and consistent support of our partners at Square 1 Bank is going to play an important role in our continued success.”