Square 1 Bank provided a $2 million credit facility to new client DirectScale. Proceeds from the facility will be used to support continued growth initiatives.
Based in Lindon, UT, DirectScale is a cloud-based software platform that supports direct and social selling companies and their salesforces. Its platform provides e-commerce tools to drive sales, communication solutions to keep teams connected and reporting capabilities to track KPIs and sales commissions. The company is backed by several investors, including Grotech Ventures, Kickstart Seed Fund and Origin Ventures.
“We’re working to transform the way companies do business in the industry and offer them the type of solution that simply hasn’t been available in the past,” said Rodger Smith, CEO of DirectScale. “We are thrilled to have Square 1 as a financial services partner that shares our vision to succeed in our mission and are looking forward to many great things to come as a result.”
Square 1 Bank is a division of Pacific Western Bank.
