The CARES Act & SBA Relief Programs
Learn more about the SBA’s Paycheck Protection Program, part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law in response to COVID-19.
Access to capital is essential to a company’s growth. However, sometimes the need to grow can hinder a company’s ability to meet traditional borrowing requirements. Bridge Bank can help by providing you access to additional working capital when you need it most. Bridge Bank specializes in providing banking services to a wide range of industries, including software, technology, staffing, hardware, manufacturing, and more in all phases of their life cycle – from startups to larger, public companies. It is our goal to help you maximize cash flow to increase your financial strength and flexibility. We offer customized financial solutions created specifically to help our business clients prosper.
Our Solutions Include:
- Revolving lines of credit and working capital
- Interational banking services
- Treasury management
- Growth capital
- Term loans
Asset-Based Lending – A/R and Inventory
An asset-based line of credit provides working capital based upon your balance sheet assets. Asset-based loans offer more covenant flexibility than traditional financing.
Competitive advance rates, straightforward borrowing base that may include/allow:
- Acquisition financing
- Extended terms accounts receivable ("A/R")
- Foreign A/R
- Government A/R
- Inventory/equipment financing
- Vendor credit to improve availability
- Supply chain management tools
An invoice financing line of credit is a flexible lending program that provides access to working capital for companies experiencing sales growth, mergers, acquisitions, "turnaround" situations, or having difficulty qualifying for traditional bank financing.
Our Vendor Assurance Program (“VAP”) develops and provides financial solutions to equipment manufacturers, distributors, and dealers. VAP streamlines your trade payables process and improves your company’s ability to obtain trade lines of credit.
Purchase Order Financing
Purchase Order (“PO”) Financing develops and provides financial solutions to enable clients to secure inventory and fulfill customer orders.
VIEW OUR Capital Finance Brochure (PDF)
- Financing for speculative residential construction
- Multi unit residential projects
- Land acquisition and development
- Owner occupied and leased investment commercial construction
- Acquisition loans for owner occupied and leased investment properties
- Refinancing of commercial buildings
- Multifamily acquisition and refinancing
Lending Services Include:Lines of Credit
Formula Line of Credit
A formula line of credit is designed to supplement a borrower’s cash flow and is used for a more permanent source of working capital financing. Advances are tied to the company’s eligible accounts receivable and inventory. Each facility can be customized to provide a solution that meets your financial needs.
Non-Formula Line of Credit
A non-formula line of credit is designed to support short-term working capital needs, such as meeting payroll or taking advantage of trade discounts. This line of credit requires a zero balance for a specific period of time on an annual basis.
Corporate Credit Cards
A line of credit can be established for the purpose of issuing individual corporate credit cards. This allows for effective control of corporate purchases, travel and entertainment expenses and provides management complete flexibility in issuing and cancelling cards as needed.
Equipment financing can be used to purchase new equipment or to refinance existing debt.
Acquisition financing provides funds to purchase or merge with a competitor’s business. These funds allow for the financing that supports the buyout of existing owners and shareholders to acquire control of a company.
Real Estate Loans
Financing can be used to purchase or refinance owner-occupied commercial real estate.
Home Equity Lines of Credit
Home Equity Lines of Credit (“HELOC”) are available to Bridge Bank clients and are based on the available equity in your home.
Finance the sale of a company to the employees through an Employee Stock Ownership Plan.
Cash Secured Facilities
A cash secured loan is designed for business owners needing to respond quickly to multiple situations and is customized for each borrower. These facilities are secured by your deposits and investments held at Bridge Bank.
Employee Stock Ownership Plan (ESOP)
An ESOP is a qualified retirement plan. It’s regulated by the Internal Revenue Service and the Department of Labor and came into being with the passage of the Employee Retirement Income Security Act (ERISA) in the 1970s. The regulation is meant to ensure that the ESOP is used for the benefit of employees and that it’s not just a tool where a business owner can sell at an inflated price.
View our ESOP brochure (PDF)
Equity Fund Resources
- Capital Call Lines
- Management Company Flexibility Lines
- Treasury Management Tools
- Other solutions to finance expenses between funds
EFR is led by Guy Simpson, a 20+ year banking veteran with tech lending experience working with raw startups and banking private equity and venture capital funds in Silicon Valley and other innovation centers throughout the U.S.
View our Equity Fund Resources brochure (PDF)
If you’re looking for a resource and not just a bank, contact Guy at email@example.com or by calling (703) 345-9308.
LSG provides term and revolving credit facilities to life sciences companies for a variety of purposes, including growth capital, working capital, refinancing, restructuring, recapitalization, as well as mergers and acquisitions.
LSG offers the following products and services:
Tailored credit solutions, including:
- Term debt
- Revolving lines of credit
- Equipment financing
- Treasury management
- International banking solutions
- Merchant services
- Enabling technology
- Drug discovery
- Surgical devices
- Implantable devices
- Non-invasive devices
- Specialty pharma
- Over-the-counter (OTC)
- Pharma services
Learn More About our Life Sciences Group
SBA and Commercial Real Estate Lending
SBA Lending Services Include:
- Preferred lender status – SBA approval in 24 hours
- Loans to finance
- Debt restructuring
- Business acquisition
- Equipment purchase
- Permanent working capital
- 90% financing on owner-occupied real estate
- Construction to permanent financing with one loan
- Loans for general use as well as special purpose projects
- Financing available throughout California
Small Business Banking brochure (PDF)
SBA Loan Comparison Sheet : 504 & 7(a) (PDF)
Lending Services Include:Credit Solutions
Working Capital Lines of Credit. This flexible revolving line of credit may be utilized to support increasing assets in a growing company. Lines may be formula-based or non-formula-based depending upon your business needs, and may help conserve cash and improve relationships with suppliers.
Equipment Financing. Bridge Bank provides term loans to finance purchase of equipment, acquisition of product lines or business operations, tenant or leasehold improvements, permanent additions to working capital, and to refinance existing debt.
Bridge Loans. Bridge loans provide short-term working capital that will bridge a company to a well-defined liquidity/equity event.
Growth Capital/Venture Debt. Allows companies to leverage their equity capital while adding “runway,” thereby providing the dual benefit of reduced dilution and the potential to achieve greater step-ups in valuation between equity rounds.
Corporate Credit Cards. A line of credit can be established for the purpose of issuing individual corporate credit cards. This allows for effective control of corporate purchases, travel and entertainment expenses and provides management complete flexibility in issuing and canceling cards as needed.
Asset-Based Lending Solutions. In keeping with our mission to accommodate a client’s unique needs, we offer asset-based lending in addition to traditional corporate banking solutions.
Technology Banking brochure (PDF)
- Preserves control and economic upside for investors, founders and employees, and is the least dilutive financing option
- Extends the cash runway of the company and supports the achievement of upcoming value milestones
- Offers a “bridge” between equity rounds - rather than issuing equity to finance upcoming growth, the company may be able to raise equity at a higher valuation after a key milestone has been achieved (thus further minimizing dilution)
- Supplements an existing equity round, allowing venture capital investors the ability to both leverage their investment – and preserve dry powder for future needs of the company
Venture Debt Structure: Characteristics of a Typical Venture Debt Loan
- Par amount – up to $50M or potentially greater with specific lenders and/or syndicates
- Total duration – up to 60 months
- Amortization structure – initial interest-only period up to 36 months, with level amortization thereafter
- Coupon, facility fee, and final payment fee – cost should be evaluated on all-in basis
- Warrants or success fee from 2-4%
- Security – typically a lien on all assets, other than intellectual property; negative pledge on intellectual property (other company-specific structures or carve-outs may be included)
Additionally, companies may be able to arrange lines of credit secured by accounts receivable, inventory, or PP&E.
Bridge Bank is one of only a few commercial lenders who has deep expertise in venture debt lending, and offers the flexibility in terms of deal size, repayment (duration, interest-only period), and cost structures (coupon, fees) that management teams need in order to maintain access to capital throughout the ups and downs of the growth cycle.
Recent NewsBridge Bank Extends Credit Facility to YES LeasingBridge Bank Announces $240,000 Donation to Support Northern California Communities Impacted by COVID-19Bridge Bank Promotes Bill Wickline to Head of its Life Sciences GroupBridge Bank Extends $10MM Senior Loan to AuraBridge Bank's Life Sciences Group Expands in San Francisco Bay Area, Hires Derek ScalfBridge Bank Extends $4MM Credit Facility to H Code Media, Inc.Lauren Cosentino to Lead New Business Growth in the Southeast, Mid-Atlantic and Midwest Regions for Bridge Bank's Life Sciences GroupBridge Bank Extends $4MM Senior Debt Facility to Factor 75 LLCBridge Bank Welcomes Westin Brake to its Equity Fund Resources GroupBridge Bank Extends $10MM Growth Capital Term Loan to Zipari
Recent InsightsProtect Your Organization Against Data Breaches and Cybercrime ScamsFight Payment Fraud Within Your OrganizationSafeguard Your Business Against Bank FraudHow To Sidestep A Business Email Compromise ScamRegional Intelligence Report Series: The South Bay & Silicon ValleyRegional Intelligence Report Series: California OutlookRegional Intelligence Report Series: A Look at the United StatesRegional Intelligence Report Series: OverviewDon't Get Hooked: How to Spot a Phishing EmailThe Biggest Trends in Hotel Franchising - 2017 Edition
Last chance to join us for what is sure to be one of the most interesting economic discussions in the history of this long-standing event, featuring economist, Dr. Christopher Thornberg & SJ Deputy City Manager, Kim Walesh Register now! #sjsueconsummit event.on24.com/wcc/r/2316585/… - 6 days pic.twitter.com/sqxWOiCvsZThis Memorial Day, we honor and remember those who lost their lives while serving our country. REMINDER: In observance of Memorial Day, our offices will be closed on Monday, May 25. pic.twitter.com/Ae97NsXsDaThere’s still time to join us for what is sure to be one of the most interesting economic discussions in the history of this long-standing event, featuring keynote speaker and noted economist, Dr. Christopher Thornberg. Register today! #sjsueconsummit event.on24.com/wcc/r/2316585/… - 1 week 4 days ago pic.twitter.com/TWo0MiGjijJoin us for what is sure to be one of the most interesting economic discussions in the history of this long-standing event, featuring keynote speaker and noted economist, Dr. Christopher Thornberg. Register today! #sjsueconsummit event.on24.com/wcc/r/2316585/… - 1 week 6 days ago pic.twitter.com/pdtYAF2XrDBridge Bank’s #LifeSciences Group is proud to partner with iCAD, a global #medical #technology leader providing #innovative cancer detection and therapy solutions. bridgebank.com/lifesciences - 3 weeks 3 days ago pic.twitter.com/oPIrnYlOTjCongratulations, @ArcturusRx on your big announcement and the accomplishments you and your team are achieving as you work on a vaccine for COVID-19. #COVID19 #coronavirus #vaccines #LifeSciences ir.arcturusrx.com/news-releases/… - about 1 month 2 weeks agoOur #LifeSciences team is proud to provide Valencell, a company that transforms the science of wearable #biometrics to enable impactful #health outcomes, with the creative #bankingsolutions they needed. pic.twitter.com/XCmNJpaVuvOrganizations of any size are at risk of data breaches or other types of #cybercrime, but you can defend yourself against #fraud by knowing the dangers and implementing best practices whether you’re #WFH or the office. #fraudawareness #cybersecurity westernalliancebancorporation.com/bridge-bank-ho… - about 1 month 3 weeks ago pic.twitter.com/bzKAaLYRGPLearn more about the several key initiatives we’re focused on right now. #WeAreInThisTogether #covid19 #CoronaVirus westernalliancebancorporation.com/~/media/pdfs/b… - about 1 month 4 weeks ago pic.twitter.com/ssOjI7DGnXCybercriminals are using concerns about COVID-19 to perpetrate scams – learn how to defend your organization against these scams and best practices to keep your business safe. #fraudawareness #cybersecurity #fraud #cybercrime #fraudprevention #WFH westernalliancebancorporation.com/bridge-bank-ho… - about 2 months 2 days ago pic.twitter.com/kZo07GPhVvBridge Bank is a proud sponsor of #FVCC2020, Florida’s largest statewide #VentureCapital Conference. pic.twitter.com/9l2lOPceVROur #LifeSciences Group helped @alluriontech create a customized #financialsolution to support their rapid growth. Allurion Technologies is a #medicaldevice company and creator of the Elipse™ Balloon, a breakthrough product in weight-loss technology. pic.twitter.com/OS96djwOA8Our Life Sciences Group welcomes Derek Scalf. Also, find out how to meet with our entire team during #JPM2020 westernalliancebancorporation.com/bridge-bank-ho… - about 4 months 3 weeks agoWe wish you peace, joy, and prosperity in the new year! #happynewyear2020 NOTICE: All Bridge Bank offices will be closed on Wednesday, January 1st in observance of New Year's Day. pic.twitter.com/B8efpD0GlQREMINDER: In observance of Christmas Day, all Bridge Bank offices will be closed beginning at 3 pm on Christmas Eve and remain closed through Christmas Day. pic.twitter.com/TIP2gGLliHOur Southern California Capital Finance Group is proud to announce their most recent relationship with H Code Media, Inc., the leading technology platform offering a full suite of integrated marketing and media solutions for the U.S. Hispanic market. pic.twitter.com/n9NyyS7odbBridge Bank extends $4MM credit facility to H Code Media, Inc., the leading technology platform offering a full suite of integrated marketing and media solutions for the U.S. Hispanic market. westernalliancebancorporation.com/bridge-bank-ho… - about 5 months 2 weeks agoWe honor all of the men and women who have served. Thank you. #VeteransDay pic.twitter.com/EpGp17Q39kThankfully #technology works its magic on our electronic devices. We wish you the best of luck changing the clock on your microwave! #daylightsavings pic.twitter.com/9VVKbEyeYgOur Technology Banking Group is proud to announce their most recent deal with Zipari, a growth-stage #technologycompany that offers the first and only consumer experience platform built specifically for #healthinsurance. pic.twitter.com/ImSLIn2TW5Bridge Bank Extends $10MM Growth Capital Term Loan to Zipari prnewswire.com/news-releases/… - about 7 months 6 days agoWe wish everyone a fun and relaxing #LaborDay holiday weekend. REMINDER: In observance of Labor Day, all Bridge Bank offices will be closed on Monday, September 2nd. pic.twitter.com/OscfoI61Q4Our Life Sciences group is pleased to announce that Innovative Health has upsized their credit facility to $9MM. Innovative Health is committed to helping #healthcare realize the potential of medical device #reprocessing, enabling hospitals to provide better care through savings. pic.twitter.com/bMFiLdLyyMHappy birthday, #America! Your friends at Bridge Bank wish everyone a safe and joyous celebration. REMINDER: In observance of #IndependenceDay2019, our offices will be closed on Thursday, July 4. pic.twitter.com/twQjmCVei1We would like to congratulate our client, @KIXEYE , on their recent acquisition by Stillfront. Kixeye is a leading gaming developer that makes games for gamers by gamers. Their hit titles include Battle Pirates, War Commander, and VEGA Conflict. pic.twitter.com/9RpoQ7zL13This Memorial Day, we honor and remember those who lost their lives while serving our country. REMINDER: In observance of Memorial Day, our offices will be closed on Monday, May 27. pic.twitter.com/QNA7r5hpv4We are beaming with pride in recognizing this amazing accomplishment of our client, Jessie Wooley-Wilson, CEO of @DreamBox_Learn. Congratulations, @jessieww, on winning the Big Tech CEO of the Year Award at the 2019 GeekWire Awards! #DreamBox youtu.be/WRHuuyPSAfg - about 1 year 3 weeks agoOur Technology banking group is pleased to announce their latest banking relationship with Touch of Modern, the leading e-commerce app for men to discover cutting edge products, and named one of the 500 fastest growing companies in America by the Inc. 5000 two years in a row. pic.twitter.com/4HfbJVYJaZOur technology banking group is pleased to announce their latest client relationship with @humanyze, a company that has used breakthroughs in #datascience, #AI, and #machinelearning and built organizational metrics and an analytics software platform for global 1000 companies. pic.twitter.com/zayjjFTcX3“We would like to #congratulate our client, @geteero , on their recent acquisition by @amazon. @geteero is the company that built the first home Wi-Fi system to blanket your home in fast, secure, and reliable Wi-Fi.” pic.twitter.com/Mr9NkHNnHJBridge Bank is a proud sponsor of this week’s #WomensPESummit (Mar. 13-15), which will be bringing together over 550 #privateequity and #venturecapitalists for powerful discussions and uninterrupted networking.