As a startup in 2007, Nanolab Technologies Inc. took out a $750,000 loan from the Small Business Administration. Four years later, the company returned to the government agency looking for a bigger chunk of change. Their $2.2 million loan in 2011 was that year’s 19th largest SBA loan in the Silicon Valley.
Bridge Bank Selected by Rimini Street to Fuel Accelerating Global Expansion with New Round of Capital Financing
San Jose, CA - May 15, 2013 - Bridge Bank, a subsidiary of Bridge Capital Holdings (NASDAQ: BBNK), a full service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today it recently closed $15 million in funding for Rimini Street, Inc.
Bridge Bank is one of 11 California banks to receive this designation
Stocks are mostly flat today with the Dow and Nasdaq posting meager gains and the S&P down 2 points as of this writing. The meager gains came 2 days after the Dow closed above 15,000 for the first time ever. The markets seem to continue to be buoyed by the positive initial weekly jobless claims data out this morning. The gauge of people applying for unemployment-insurance benefits fell 4,000 to 323,000, the best level since January 2008. Economists surveyed by MarketWatch had expected claims to rise to 335,000.