IZEA, Inc., a provider of social media sponsorship, closed on a new $1.5 million secured credit facility with Bridge Bank of San Jose, CA. 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."
IZEA, Inc. is a 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.
Bridge Bank, National Association is a full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle market, and emerging technology businesses.