Bridge Bank Provides $10 Million Loan to Zuum Transportation

<p><strong>SAN JOSE<&sol;strong> &&num;8212&semi; Bridge Bank announced its Capital Finance Group has closed on a &dollar;10 million asset-based loan facility for Zuum Transportation Inc&period;&comma; an Irvine-based logistics technology provider for manufacturers&comma; freight brokers and carriers&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally recognized clients&comma;” said Justin Vogel&comma; senior vice president in Bridge Bank’s Capital Finance Group&period; &OpenCurlyDoubleQuote;Bridge Bank appreciates the innovation Zuum brings to the logistics industry&period;”<&sol;p>&NewLine;<p>Founded in 2016&comma; Zuum’s clients include Tyson&comma; Sherwin Williams and Staples&period; The company offers shipper transportation management systems &lpar;TMS&rpar;&comma; freight broker software&comma; carrier TMS and a mobile app for truck drivers who are connected within the company’s Logistics Super Platform&period; The tools enable customers to enhance the efficiency and effectiveness of their logistics operations while simultaneously automating their transportation networks&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’re all about smooth processes and enhanced efficiencies&comma; the same qualities Bridge Bank brings to clients&comma;” said Matt Tabatabai&comma; co-founder and chief operating officer of Zuum&period; &OpenCurlyDoubleQuote;Our goal is to defragment the logistics industry through collaboration and partnerships — including with our lender&period;”<&sol;p>&NewLine;<p>The Capital Finance Group at Bridge Bank offers a range of asset-based lending and factoring solutions&comma; including accounts receivable&comma; inventory and invoice financing&comma; to provide lines of credit and working capital&period; The group’s expertise supports companies in manufacturing&comma; professional services&comma; retail&comma; technology and more that are experiencing unusual market conditions that might hamper their ability to adhere to traditional covenants and credit structures&period;<&sol;p>&NewLine;<p>Bridge Bank is a division of Western Alliance Bank&period;<&sol;p>&NewLine;