Avidbank Provides Envoy Group with $5.5 Million in Credit Facilities
AVIDBANK HOLDINGS INC (AVBH)
NASDAQ:AMEX Investor Relations:
avidbank.com
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Avidbank Specialty Finance, a Division of Avidbank that specializes in technology, sponsor finance and asset-based lending, has provided Envoy Group with combined credit facilities of $5.5 million to provide working capital.Based in Irvine, California, and founded in 2010, the Envoy Group is a full-service design and innovation consultancy. The credit commitment totaling $5.5 million will be used to support the Company’s growth.“We are very excited about our new banking and lending partnership with Envoy Group,” said Darryl Karmen, Senior Vice President of Avidbank. “We look forward to seeing our new client build on its success and enter its next phase of growth in the fast-paced and dynamic digital media industry.”“We value the relationship we have developed with Avidbank,” said Kevin Bauer, Envoy Group’s President. “This new partnership will enable Envoy to implement the growth and innovation plan we’ve put into place.”About AvidbankAvidbank Ho
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News
- Avidbank Holdings, Inc. (OTCMKTS: AVBH) had its price target lowered by analysts at Piper Sandler from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Avidbank Holdings Inc. (AVBH) Matches Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Avidbank Holdings, Inc. Announces Net Income for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Avidbank Holdings, Inc. Announces Net Income for the First Quarter of 2024Accesswire
AVBH
Sec Filings
- 2/14/24 - Form SC
- 2/8/24 - Form SC
- AVBH's page on the SEC website