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Bridge Bank Extends $25MM Credit Facility to Health-Ade

December 01, 2020, 08:15 AM
Filed Under: Beverage

Bridge Bank announced it has extended a $25,000,000 credit facility to Health-Ade. Founded in 2012 and based in Los Angeles, Health-Ade is an organic beverage company, selling its beverages in more than 35,000 retailers nationwide, including Whole Foods, Target and Publix. The new credit facility will be used to support growth and expansion initiatives.

"Bridge Bank was able to give us the structure and flexibility we were seeking in a lending partner," said Gary Cooperman, chief financial officer at Health-Ade. "We had the ability to craft a tailored financial solution that truly worked for us."

"We are pleased to work with the team at Health-Ade and to support them in their growth and expansion initiatives," said Mark Breneman, senior vice president in Bridge Bank's Technology Banking Group. "We look forward to watching Health-Ade's continued strong growth and being there to support them."

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