QuickLogic amended its loan and security agreement with Heritage Bank of Commerce, increasing its revolving line of credit from $9 million to $15 million.
Spectrum Global Solutions has entered into a $5 million revolving asset based line of credit with Heritage Bank of Commerce. This facility is an accounts receivable line of credit that will support the growth of the company’s ADEX subsidiary.
Catasys entered into a $10 million financing comprised of a $2.5 million receivable facility with Heritage Bank of Commerce and a four-year, $7.5 million term loan with Horizon Technology Finance.
Heritage Commerce, along with its wholly-owned subsidiary Heritage Bank of Commerce, completed its previously announced merger with Tri-Valley Bank.
Heritage Commerce, the parent company of Heritage Bank of Commerce, agreed to merge with United American Bank in a transaction valued at approximately $44.2 million.
Heritage Bank of Commerce provided Vivex Biomedical with a $9 million line of credit and other financial services to support Vivex’s growth in the biomedical industry.
USA Technologies amended its credit agreement with Heritage Bank of Commerce, which provides for a secured asset-based line of credit of up to $12 million and extended the maturity date, among other things.
Solar power engineering company SunLink has engaged Heritage Bank of Commerce to provide a $10 million expanded line of credit to support continued expansion.
Jeffrey Javier has joined Heritage Commerce as senior vice president in charge of business development for the Corporate Finance division.
Heritage Commerce announced the acquisition relating to a stock purchase agreement between Heritage Bank of Commerce, BVFCSNK Acquisition and its stockholders was completed.