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Bridge Bank Extends $12MM Credit Facility to Ellevation

March 01, 2021, 06:00 AM
Filed Under: Technology

Bridge Bank extended a $12,000,000 credit facility to Ellevation, a cloud-based software platform serving nearly 1,000 school districts and supporting more than 1.5 million students across the country.

Ellevation focuses specifically on supporting the fastest-growing population of K-12 students, English language learners by helping school districts manage their English language programs through a compliance, data and instructional planning platform, providing resources to build teacher capacity and student-facing programs to teach academic language.

"We provided the creative structure that Jordan and the team at Ellevation deemed essential," said Eric Sockol, senior vice president in Bridge Bank's Technology Banking Group. "We worked together, quickly to build a solution that will allow Ellevation to further extend their solution into the market and build more relationships with school districts and students nationwide."

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