Orlando, Fla. (March 8, 2013) – IZEA, Inc. (IZEA: OTCQB), the pioneer of Social Media Sponsorship, closed on a new $1.5 million secured credit facility with Bridge Bank, N.A. of San Jose, California. The credit facility is based upon an advance rate of the Company’s eligible trade accounts receivable.
“The company is delighted to be working with a full-service professional business bank dedicated to meeting the financial needs of emerging technology businesses,” said Ted Murphy, Founder & CEO of IZEA. “Our engagement with Bridge Bank provides us with additional financial flexibility as we continue to grow IZEA.”
About Bridge Bank, National Association
Bridge Bank, National Association is Silicon Valley’s full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Bridge Bank’s Technology Banking Division serves venture-backed and non venture-backed companies from inception to IPO. Bridge Bank’s product offering includes growth capital, equipment and working capital credit facilities and treasury management solutions, along with a full line of international products and services and financing secured by domestic, government and foreign receivables. For details, visit http://www.bridgebank.com.
About IZEA
IZEA, Inc. is the pioneer of social media sponsorship, operating multiple online marketplaces including Staree, Sponsored Tweets and SocialSpark. IZEA connects advertisers with social media influencers, helping them monetize their social media presence. The company has completed over three million social media sponsorships for customers ranging from small local businesses to Fortune 50 organizations. For more information about IZEA, visit www.izea.com.
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