įor more information on BlueVine's Line of Credit solution and its U.S. To learn more about the industry’s first checking solution build specifically for small businesses, or to sign up for an account, visit. The office will provide access to fast-acting and knowledgeable customer support representatives, who are more critical than ever to many small business owners seeking immediate assistance to make critical banking and financing decisions during these trying times.īlueVine customer service representatives provide expert knowledge and guidance across all of the company’s products, including lending solutions and the recently launched BlueVine Business Banking. In addition to expanding its lending resources to support small business customers, BlueVine also recently opened a Salt Lake City, Utah Office focused on customer service initiatives. “Atalaya has long respected BlueVine’s commitment to helping small businesses and is excited to expand our partnership and grow together over the next several years.” “Atalaya is very pleased to assist in BlueVine’s growth and to support small businesses as they navigate the challenging market environment,” said Raymond Chan, a Partner at Atalaya Capital Management. The latest funding builds on an existing partnership between the two companies with Atalaya also serving as a lender for BlueVine’s industry leading online invoice factoring product. small businesses with reliable banking and financing built for them as they recover and look toward future growth.” “More than ever we are committed to providing U.S. “With this latest funding from Atalaya, BlueVine is poised for continued growth to support small business owners with the working capital they need during unprecedented times of uncertainty,” said Eyal Lifsthiz, CEO of BlueVine. The new financing underscores Atalaya’s confidence in BlueVine’s ability to underwrite and service small and medium businesses in uncertain times.īlueVine has also had recent success in providing more than 155,000 small business owners with $4.5 billion in Coronavirus pandemic financial relief loans through the Paycheck Protection Program (PPP). BlueVine will leverage the capital to expand its best-in-class, flexible Line of Credit lending solution. 09, 2020 (GLOBE NEWSWIRE) - BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York.
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