Avidbank Corporate Finance Provides $5 Million Line of Credit to 4INFO
Avidbank Corporate Finance Provides $5 Million Line of Credit to 4INFO
PALO ALTO, Calif.--(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.
Avidbank
Steve Leen, Chief Financial Officer
650-843-2204
www.avidbank.com
KEYWORDS: United States North America California
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