Bridge Bank loans Gooten $3.5 million in venture debt term loan

GaryPageau ,
Getting your Trinity Audio player ready...
Bridge Bank announced its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten to use the funds for continued growth and expansion. Gooten provides order management systems to power on-demand production to more than 10,000 businesses

“We believe in supporting ventures that contribute to the overall economic landscape, and Gooten embodies that spirit,” said Roger Klarmann, senior vice president in Bridge Bank’s Technology Banking Group. “We’re pleased to support this investment in Gooten’s promising future.”

“With this funding, we are not just acquiring capital; we are investing in our potential, innovation and the realization of our strategic goals,” said Greg Madormo, executive vice president of finance and operations at Gooten. “This loan is the catalyst for turning aspirations into achievements, and we are eager to make every dollar count in building a future where our impact is felt.”

Bridge Bank’s Technology Banking Group supports technology companies at all stages of their life cycles with customized banking services and credit solutions to help them navigate the rapidly changing environment. Bridge Bank, a division of Western Alliance Bank, Member FDIC, was founded in 2001 in Silicon Valley.