Bridge Bank provided a new $15 million term loan for CytoSorbents Corporation after the company repaid the outstanding principal balance of its existing $15 million term loan with the bank.
Bridge Bank extended a $25 million credit facility to Health-Ade, a Los Angeles-based organic beverage company that sells its beverages in more than 35,000 retailers, including Whole Foods, Target and Publix.
Bridge Bank extended a $2 million credit facility to Miva, a San Diego-based e-commerce software and service provider for mid-size and enterprise merchants. Miva will use the new credit facility to fund working capital needs and to support growth initiatives.
Bridge Bank extended a venture term loan to Deep Lens, a Columbus, OH-based software company focused on accelerating clinical trial recruitment for cancer patients.
Bridge Bank is expanding its capital finance group, which now will be led by managing director Timothy Carstens, who joined Bridge Bank from Fifth Third Business Capital.
The life sciences group at Bridge Bank amended Fennec Pharmaceuticals’ existing senior debt facility, increasing the size of the facility from $12.5 million to $18 million.
Bridge Bank promoted Bill Wickline to managing director and head of the life sciences group, which provides term and revolving credit facilities to life sciences companies.
Bridge Bank provided a credit facility consisting of a $7 million term loan and a $5 million revolving line of credit to iCAD, a medical technology company.
Bridge Bank extended a $4 million credit facility to H Code Media, a technology platform offering a full suite of integrated marketing and media solutions for the U.S. Hispanic market.