Bridge Bank Extends $2.5 Million Credit Facility to NORCAL Ambulance
PLEASANTON, Calif., June 24, 2021 /PRNewswire/ -- Bridge Bank today announced its East Bay Commercial & Industrial (C&I) Banking Group has extended a $2.5 million credit facility to NORCAL Ambulance, a specialty-care transport company administratively based in Livermore, Calif. with stations throughout Northern California. The new credit facility will be used to expand NORCAL Ambulance's operations with $2 million allocated for new ambulances and $500,000 for gurneys.
"The last several years have brought significant growth to NORCAL Ambulance as we've expanded into new areas and further developed our levels of service," said Karla Nazareno, chief executive officer of NORCAL Ambulance. "Our partnership with Bridge Bank has been instrumental in our success. We have been with Bridge Bank since 2010 and feel confident that we can always count on them for their support and ability to meet our banking needs so that NORCAL can continue to meet the needs of the communities we serve."
NORCAL Ambulance has grown from a company that had 25 ambulances and 170 employees in 2011, to a business with more than 125 ambulances and over 650 employees today. Over the past year, NORCAL Ambulance has provided standby units to assist with COVID patient transport and has worked with communities throughout the Bay Area to provide emergency medical technicians (EMT's) to help with vaccination programs.
"While Bridge Bank is well-known for supporting companies in the technology and innovation sector, we certainly value our work and banking relationships with all kinds of businesses throughout Northern California," said Ryan Banta, senior director in Bridge Bank's East Bay C&I Banking Group. "With its mission to care for patients and families in the communities they serve with integrity, dignity and compassion, NORCAL Ambulance is an asset to our region and we couldn't be more pleased to help them expand their business."
The C&I Banking Group at Bridge Bank offers a full complement of business banking services to small- and mid-size companies operating across a variety of industries. Bridge Bank's C&I Banking Group is deeply rooted in the business community and part of an extensive network of professional service advisors, business managers, trusted advisors and entrepreneurs, offering clients access to a network and community of like-minded, business professionals.
About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small- to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions including capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country along with Western Alliance Bank's powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country's top-performing banking companies, Western Alliance is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes "Best Banks in America" list year after year. For more information, visit bridgebank.com.
SOURCE Bridge Bank
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