We’re here for the risk takers and the adventure seekers.
Blue and Gold Fleet Case Study
Client Since: 2011
“Bridge Bank approach was, let me ask enough questions to understand what your concern is and find a solution that both sides can be happy with. That’s a very different position than most banks operate from.”
~Taylor Safford and Carolyn Horgan, Blue & Gold Fleet
Founded in 1979, Blue & Gold Fleet is the largest ferry operator in the San Francisco Bay—transporting over 2.5 million passengers annually with a fleet of 17 vessels.
In 2011, they needed to refinance their existing debt, but were faced with a catch-22. They needed to refinance in order to meet the criteria of a California State RFP. Without winning the contract, however, their bottom line would make it difficult to find a banking partner.
Where the larger banks saw financing and underwriting risks, we saw possibility. We saw a dedicated company with an excellent reputation and an opportunity to grow. We asked a lot of tough questions and they had answers, including a rock solid backup plan should the big contract not come through.
Their situation was unique, so we worked with them to develop a unique agreement—even raising their capital expenditures so they could properly invest in and care for their fleet. And, of course, we were able to move swiftly (well over 50 knots) because they were working with our final decision makers—not middlemen.
We’re thrilled to say Blue & Gold won the California State Contract and is the sole provider of Bay Area ferry services for the next five years. It’s good for the future of Bay Area transportation as they hope to significantly expand their fleet and services to underserved cities. With the cooperation of the Water Emergency Transportation Agency, of course.
So the next time you ride the ferry, think of Bridge Bank. If that beautiful view gives you an idea for your business, call us. We can help.
How can Bridge Bank help you with your banking needs?
Fill out the form below and a Bridge Banker will be in touch soon.
Recent NewsBridge Bank Finalizes $8 Million New Credit Facility with ANEXIOBridge Bank extends credit facility to Tabula Rasa HealthcareBridge Bank extends credit facility to InstaMed
Recent InsightsFX Commentary - January 29, 2018FX Commentary - January 22, 2018FX Commentary - December 18, 2017
Our client, @EksoBionics , has partnered with @Ford to help factory workers become more productive while avoiding f… twitter.com/i/web/status/9… - 2 weeks 1 day agoIn addition to figuring out how to extend your stay in Florida, we hope your #FVCC2018 agenda included meeting our team!What's next for the U.S. dollar? westernalliancebancorporation.com/bridge-bank-ho… - 3 weeks 2 days agoAs a sustaining sponsor we are at #FVCC2018 and look forward to making meaningful connections with you. We can’t wait!Bridge Bank’s technology group will be attending the Florida Venture Capital Conference January 29 – 31 #FVCC2018Government shutdown ends, central banks are now in focus. westernalliancebancorporation.com/bridge-bank-ho… - about 1 month agoRob Lake, head of Bridge Bank’s Life Sciences group, has a prediction for #JPM18. pic.twitter.com/R8keloGcVmThe Bridge Bank Life Sciences group will be attending #JPM18 in San Francisco, Jan. 8 - 11. Let us know if you'd like to connect.ow.ly/GqxL30heGRQ - about 2 months 1 week ago Markets look to the Fed, ECB, and BoE for signals ahead of the next year.Tax reform hurdles weigh down the dollar, as growth lifts euro. ow.ly/wm7w30gJGCf - about 3 months 3 days agoIt was wonderful meeting so many great friends at #PACTcapcon. Looking forward to connecting again soon!Day 2 at #PACTcapcon. If we didn’t get a chance to meet and chat yesterday, stop by and say hello!It was wonderful meeting some great new friends at #PACTcapcon today. Looking forward to meeting more of you tomorrow!Central bank decisions and a heavy docket look to shape this week's FX action. ow.ly/GUb030geH4R - about 3 months 3 weeks agoIf you’re attending #PACTcapcon 11/1 & 11/2, we want to meet you! Come say hello to Al Spurgin, Roger Klarmann, Kat… twitter.com/i/web/status/9… - about 3 months 3 weeks agoCan your business defend itself against cyber crime? #cybersecurity ow.ly/itLZ30gg7kp - about 3 months 3 weeks agoThis week's FX Commentary is here! westernalliancebancorporation.com/bridge-bank-ho… - about 4 months agoWe’re excited to have the head of our International Banking team, Ken Rosenberg, present at the International Consu… twitter.com/i/web/status/9… - about 4 months 6 days agoBridge Bank's International Banking Group has launched weekly FX Commentary on the global markets. Start your week… twitter.com/i/web/status/9… - about 4 months 1 week agoDon't miss the #Fintech boat, US administration to focus on industry comptitiveness according to @Nasdaq: bit.ly/2mVvnyZ - about 11 months 7 days ago@Fortune discusses how the VC funding gender gap is actually getting worse: for.tn/2nzP4sW - about 11 months 1 week agoWhat will determine the future of #fintech? According to @TheNextWeb, it’s #AI. Read more: bit.ly/2moerie - about 11 months 1 week agoAccording to @TheEconomist, private equity deals are heating up. Find out why here:econ.st/2m1sSZw - about 11 months 3 weeks agoJoin leading dealmakers for a live webcast on financing emerging growth companies w/ debt ft. Mike Lederman on 3/16 bit.ly/2m3JFKl - about 11 months 3 weeks agoBe sure to check out @Entrepreneur’s list of the top 12 #fintech companies to watch: bit.ly/2lQ4jA0 - about 11 months 3 weeks agoAn Indiana Senate panel has approved the advancement of a bill intended to reduce solar power incentives.bit.ly/2le7QFP - about 11 months 3 weeks agoWhat are the advantages of Regulation A+ venture capital? @Forbes has the answers here: bit.ly/2mctMoK - about 12 months agoAccording to @Nasdaq, renewable resrouces are among the top global trend creating invesment value this year: bit.ly/2kCVhCI - about 12 months 4 days agoCleantech venture capital is on the rise thanks to newfound market confidence. So what does its future look like? bit.ly/2lXvCFQ - about 1 year 1 day agoCEO Dan Myers discusses Bridge Bank growth and our approach to the current market, read more from TechFlash Editor,… twitter.com/i/web/status/8… - about 1 year 2 days agoCheck out the #cleantech startups that VCs have their eye on for 2017: bit.ly/2jYooot - about 1 year 1 week agoWhat does the future of clean energy look like under the Trump administration? @mercnews has the answers: bayareane.ws/2kAyNWF - about 1 year 1 week agoThe startup industry is headed internationally as more startups apply for funding. Read more on @Forbes bit.ly/2kALikZ - about 1 year 1 week agoAccording to @Bloomberg, #LifeSciences isn’t just thriving, it’s paving the way for new innovation. Read more: bit.ly/2kpAZOy - about 1 year 2 weeks agoClient @BuyerQuest demonstrates continued growth and innovation as they secure $4 million in financing bit.ly/2kazipW - about 1 year 2 weeks agoThe biotech era is not over yet. @TheStreet tells us how the sector will rebound with 3 key factors. bit.ly/2jfHhhK - about 1 year 2 weeks agoSilicon Valley, want to know what to expect under Trump’s administration? @Recode has the answers and more. bit.ly/2j5Oi9q - about 1 year 3 weeks ago@AppDynamics prepares to be the first #IPO of 2017...but it comes with a catch. @CNBC explains: cnb.cx/2iTzaHc - about 1 year 4 weeks ago