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Stock impact report

Western Alliance Bank Supports OnQ With $7.5 Million Asset-Based Line of Credit

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Western Alliance Bank today announced that OnQ, the leading retail display company, has secured an enhanced credit facility with the bank’s Asset-Based Lending Group.Western Alliance Bank is supporting OnQ by providing a $7.5 million asset-based line of credit and customized treasury management solutions to support the company’s current growth trajectory. The line of credit provides OnQ with flexibility as it scales its platform to serve a growing base of global retail brands.For over 20 years, OnQ has been trusted by top global brands and retailers including Walmart, Costco, Samsung, Sony, Kroger and Lowe’s, among many others. With systems installed in more than 10,000 stores worldwide, OnQ delivers end-to-end retail solutions from design and engineering to installation and support.“OnQ is the global leader in retail systems, with a proven track record of executing at scale,” said Ryan Banta, Senior Director of Commercial Banking at Western Alliance Ban Show less Read more
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