Square 1 Bank Announces Credit Facility to Position2

Top Quote Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $1 million credit facility to new client Position2, a full-service, digital marketing firm that delivers continuous growth for its customers through high performance search, social media, and content marketing. End Quote
  • (1888PressRelease) August 23, 2014 - Proceeds of the credit facility will provide working capital to support the company's future growth.

    Position2's single point-of-access service provides clients with a streamlined and integrated solution for all online marketing needs including creative, search, web development, marketing automation, media, and web analytics. Launched in 2005, Position2 has quickly established itself as a leader in the online marketing market. Backed by Accel Partners, the company has an impressive client base focused on Fortune 500 companies and VC-backed companies in B2B technology, financial services, consumer products, and Internet industries.

    "As a fast-growing digital marketing firm with over 60 global clients, Position² needed a financial partner that understood our unique needs," said Rajiv Parikh, CEO of Position². "Square 1 offered a super flexible credit facility that enables us to profitably scale our marketing service and technology offerings and invest in our infrastructure. The bank's network of like-minded technology brands offers us the ability to expand our partner ecosystem. We are excited to partner with Square 1 for the long term."

    Andy Weyer, senior vice president at Square 1 Bank, added, "After meeting Rajiv and recognizing his impressive business acumen and background, we were eager to work with Position2. During the diligence process, it became apparent that the company had a capital-efficient business on a strong growth trajectory. From there, it wasn't difficult to connect the dots on a bright future ahead. We look forward to supporting the Position2 team as the company continues to grow."

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