Square 1 Bank provided a $3.5 million credit facility to new client Global Cooling, a manufacturer of ultra-low temperature freezers. Proceeds from the facility will support growth initiatives domestically and abroad.
Based in Athens, OH, Global Cooling manufactures Stirling Ultracold, environmentally friendly freezers that operate at -20 degrees Celsius to -86 degrees Celsius.
“We are very pleased to begin a new financial services partnership with Square 1,” said Neill Lane, CEO of Global Cooling. “As a technology innovator and manufacturer of sustainable ultra-low storage solutions for life science research, Square 1 offers flexible banking solutions to support a growth-stage business like ours.”
