QuickLogic, a developer of embedded FPGA (eFPGA) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, and ruggedized programmable logic solutions, entered into a new banking relationship with Sunflower Bank, establishing a $10 million revolving line of credit effective April 27, 2026. The new three-year credit facility replaces the company’s prior agreement with Heritage Bank of Commerce and provides enhanced financial flexibility.
“This new banking relationship and credit strengthens our financial foundation and provides QuickLogic additional operational flexibility to execute on our strategic initiatives, including the Strategic Radiation Hardened FPGA development for the US Government, expanding the process technology support of our eFPGA Hard IP licensing, and supplementing our Storefront business,” Elias Nader, chief financial officer of QuickLogic, said.
“We’re pleased that Sunflower Bank has provided QuickLogic with a new senior secured credit facility as part of an integrated banking solution designed to support the company’s growth objectives,” Steven Hamilton, senior vice president and managing group director for Sunflower Bank, said. “We value this strong relationship with the company and its management team and look forward to future opportunities together.”
The new revolving credit facility will be used by QuickLogic for general corporate purposes, including working capital, and matures on April 24, 2029.
