Bridge Bank increases YES Leasing’s credit facility
Capital accelerates the growth of Yes Leasing in equipment financing
Posted: October 26, 2021 at 7:08 am MDT|Update: 2 hours ago
COSTA MESA, California, October 26, 2021 / PRNewswire / – Bridge bank announced today that it has increased the credit facility granted last year to YES Rent, a MiamiCommercial equipment leasing company specializing in financing business owners with credit difficulties. The increase in the credit facility will provide additional capacity to support the continued growth of YES Leasing’s portfolio.
âBridge Bank’s in-depth knowledge of our business has been instrumental in supporting our strong growth,â said Quade Koffler, COO at YES Leasing. “We look forward to continuing our relationship with Bridge Bank for years to come.”
“The increase in our credit facility allows YES Leasing to better serve our reference partners,” added Tony Syracuse, commercial director at YES Leasing. “With the support of Bridge Bank, YES Leasing is working to expand our market position with a pipeline of programs for new verticals and credit levels.”
âBridge Bank is committed to helping its clients achieve their goals,â said Justin vogel, senior vice president of Bridge Bank’s Southern California Capital Finance group. “The success of our customers is our success. We look forward to helping YES Leasing grow and be successful for many years to come.”
Bridge Bank’s Capital Finance group offers a range of asset-based and factoring solutions, including accounts receivable, inventory and invoice financing, to provide lines of credit and working capital. The group’s expertise supports companies in manufacturing, professional services, retail, technology and more that experience unusual market conditions that may hamper their ability to comply with covenants and debt structures. traditional credit.
About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, a member of the FDIC, helps corporate clients achieve their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank provides a better way to do banking for small and medium businesses across many industries, as well as for emerging technology companies and the private equity community. Aimed at serving both venture capital and non-venture capital funded businesses, Bridge Bank offers a wide range of financial solutions, including credit facilities for capital, equipment and working capital. , risk debt, cash management, asset lending, SBA and commercial real estate. loans, ESOP financing and a full range of international products and services. Situated at San jose, Bridge Bank has 16 offices in major markets across the country as well as Western Alliance Bank’s powerful portfolio of specialized financial services. Western Alliance Bank is the main subsidiary of Phoenixbased at Western Alliance Bancorporation, with approximately $ 50 billion in assets. Western Alliance is once again # 1 of the 50 largest US public banks in the new S&P Global Market Intelligence list for 2020 and tops the Forbes list of âAmerica’s best banksâ year after year. For more information visit bridgebank.com.
About YES Leasing
YES Leasing is a low cost equipment rental company specializing in commercial equipment for business owners with credit problems. Founded in 1975, YES Leasing is a reliable source of financing for referral partners through United States. YES Leasing has built its portfolio by financing leases directly and does not require strong credit or excessive guarantees. For more information visit www.yesleasing.com or contact [email protected]
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SOURCE Bridge Bank
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