Square 1 Announces the Extension of a Line of Credit to Zorch, Inc.
Square 1 Bank is pleased to announce the extension of a $2,500,000 working
capital line of credit to Zorch, Inc., a company providing global brand
management and promotional product management services for such major firms as
Citigroup, BP, AT&T, Sara Lee and Waste Management.
Promotional
products represent a $20 billion market, and the innovative Zorch supply chain
model eliminates redundancies caused by using a traditional distributor to shop
for company branded merchandise. The result is enhanced creativity, improved
order flow, better brand control, a more efficient purchasing process and better
pricing to the customer. Client campaigns and initiatives have been “Zorched”
globally, providing clients with warehousing and distribution in more than 120
countries.
“We are impressed with Zorch’s business model and we’re proud
to help grow a business who shares the visionary, progressive and creative
approach that Square 1 values,” stated Alan Spurgin, Square 1 Bank Executive
Vice President.
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital community and
entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus
and strong capital base provide solid support for its clients' needs. The bank
offers tailored products and solutions aided by the latest in technological
innovations. To serve its relationships, Square 1 has offices coast to coast in
Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica,
Seattle, and Silicon Valley. For more information, visit www.square1bank.com.
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