Frankly, a technology and monetization platform for media companies, entered into a loan and security agreement with Silicon Valley Bank with an initial amount of $1.5 million.

The agreement, which replaces Frankly’s prior credit facility with Bridge Bank, provides Frankly with access to an A/R-based revolving credit line with an initial limit of $1.5 million that can be increased up to $3 million.

The agreement is secured by Frankly’s assets and has a one-year initial term, and carries interest at 2.25% above the prime rate. The proceeds of the agreement will be used to supplement Frankly’s working capital needs.