Bridge Bank Ranked Among the Top 15 Mid-Size Bay Area Companies
US equities have been choppy the last few sessions as economic data has been mixed. After a sharp selloff on Friday, the S&P 500 recovered some of the declines in Monday's session when weaker-than-expected manufacturing data buttressed the belief the Fed will keep its economic stimulus in place. The May US manufacturing ISM printed at a 49%, the lowest reading since June 2009. Again, a reading below 50 represents contraction, while a reading above 50 represents expansion. Many attribute the surprising decline to the impact of the Sequester.
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.