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Bridge Capital Holding, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, has provided Hunter Technology, a leading provider of electronic design and manufacturing services for defense/aerospace, networking/telecom, and medical customers, with $8 million in financing in the form of a line of credit and an equipment guidance line to purchase new manufacturing equipment and support their working capital needs.
"When Hunter Technology came to us for additional financing, we were able to customize their loan structure to fit their rapid growth and additional equipment financing needs," said Rory Hanley, relationship manager in Bridge Bank's Corporate Banking Team. "We worked closely with Hunter Technology to fund their previous two acquisitions and are thrilled to provide further funding that will allow them to continue on their impressive growth path," he added.
"We are in the midst of a very exciting time at Hunter Technology," said Joseph O'Neil, president of Hunter Technology. "No other manufacturing service provider in the industry has experienced the rate of growth that we've seen over the past two years, doubling from 2012 to 2013 and again from 2013 to 2014. Our relationship with Bridge Bank provided us with the solid financial footing required to allow us to focus on our customers and on business execution. As we continue to expand and eclipse the $100 million revenue level, our relationship with Bridge continues to be a key part of our financial foundation," he added.
About Bridge Bank, National Association
Recognized by The Findley Reports as a Super Premium Performing Bank, and designated "Superior" by BauerFinancial and IDC, Bridge Bank is a full-service professional business bank founded in the highly competitive climate of Silicon Valley in 2001. From the very beginning, our goal has been to offer small-market and middle-market businesses from across many industries a better way to bank. Our technology banking division provides a broad range of financial solutions to venture-backed and non-venture-backed companies, enabling us to meet our clients' varied needs across all stages of business life. It's how we go about doing so that differentiates us from our competition. 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. Learn more at the new www.bridgebank.com. Follow us @BridgeBank.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on the NASDAQ stock market under the trading symbol BBNK. Bridge Bank Holding Company was recently admitted to Sandler O'Neill's Class of 2014 "Sm-All Stars" -- a select group of 35 top-performing publicly traded banks and thrifts from throughout the U.S. with market capitalization of up to $2.5 billion. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
About Hunter Technology
With 46 years of EMS experience, Hunter Technology delivers specialized design, engineering and manufacturing services to defense, aerospace, industrial and medical OEMs. From its facilities in Milpitas, California and Lawrenceville, Georgia, Hunter works with customers to design, engineer, build, test and ship reliable, mission-critical electronics products. Design and engineering solutions, combined with vertical integration, enable Hunter to optimize its clients' operations by lowering costs and reducing time-to-market. More information is available by calling +1 (408) 975-1300 or visiting www.hunter-technology.com.