Avidbank Corporate Finance Provides $5 Million Line of Credit to 4INFO
16 10월 2012 - 10:54PM
Business Wire
Avidbank Corporate Finance, a Division of Avidbank, has provided
a $5 million line of credit to 4INFO. The proceeds of this loan
will be used to provide the necessary working capital to facilitate
the Company’s growth in the mobile advertising market.
Based in San Mateo, 4INFO has a long tradition of technological
innovation in mobile media. Launched in 2004, 4INFO created the
industry’s first mobile search engine, consumer SMS alerts, and
enterprise SMS publishing for some of the largest digital media
companies, including Yahoo!, AOL and IAC. Now 4INFO delivers mobile
advertising in all forms through AdHaven – an innovative mobile
advertising platform. (www.4info.com)
“Avidbank is an excellent business partner, and we look forward
to a productive working relationship, as they help us navigate our
explosive growth,” stated Tim Jenkins, CEO of 4INFO.
“We are very excited to be the Company’s financial partner as
4INFO continues its growth in the mobile advertising
industry. We have a great relationship with their team and
look forward to a long and successful partnership,” said Jeffrey
Javier, Senior Vice President of Avidbank Corporate Finance.
“4INFO is led by a strong management team and has the support of
a reputable group of investors. This is the kind of opportunity
that Avidbank’s Corporate Finance Division looks for,” added
Avidbank Corporate Finance Executive Vice President and Division
Manager Scott Chamberlin.
About Avidbank
Our goal at Avidbank is to advance our clients’ success by
offering innovative financial solutions and service. Our
experienced people provide a unique and individualized banking
experience based on mutual effort, ingenuity and trust, creating
long-term banking relationships. Avidbank specializes in the
following markets: commercial and industrial, corporate finance,
technology and asset-based lending, real estate construction,
commercial real estate lending and real estate bridge
financing.
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