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Avidbank Provides Envoy Group with $5.5MM in Credit Facilities

July 11, 2019, 08:00 AM
Filed Under: Consulting Services

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.”

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