OnQ, a retail display company, has secured an enhanced credit facility with the Western Alliance Bank’s asset-based lending group. Western Alliance Bank is supporting OnQ by providing a $7.5 million asset-based line of credit and customized treasury management solutions to support the company’s current growth trajectory. The line of credit provides OnQ with flexibility as it scales its platform to serve a growing base of global retail brands.
“OnQ is the global leader in retail systems, with a proven track record of executing at scale,” Ryan Banta, senior director of commercial banking at Western Alliance Bank, said. “We could not be more pleased to support this dynamic company as they continue to shape the future of global retail.”
Paul Chapuis, founder and CEO of OnQ, added, “As a relentlessly future-focused firm, we’re tremendously excited to work with a bank that’s both flexible and forward-thinking. The Western Alliance team truly understands our vision to create seamless retail experiences for brands worldwide.”
