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Square 1 Announces the Extension of a Line of Credit to Zorch, Inc.

October 27, 2010
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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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