Encino, CA (PRWEB) October 1, 2010
eBridge Inc., a leading online marketing and business services company based in Encino, CA, announced today that it has secured $2.5 million in funding from Comerica Bank to broaden the scope of SMB-focused tools and services offered through its local business division, eBridgeInteractive.
Since 2003, eBridge has been a market leader in the local search arena, utilizing proprietary technology, patent-pending algorithms and a service-oriented approach to help SMBs maximize their online visibility amidst a corporate-dominated landscape. In 2009, eBridge moved to expand its core services beyond search engine visibility to better meet the evolving needs of SMB owners nationwide in the face of advancing technology and an increasingly fragmented online marketplace.
In an era of curtailed lending to small businesses, Comerica has taken a leading role in revitalizing the American SMB economy. With $3.6 billion in loans outstanding in the second quarter of 2010, Comerica is one of the nation’s largest lenders to small businesses. Working to truly understand the needs of individual clients, Comerica faces the challenges of the current economy with forward thinking optimism that, according to eBridge CEO Mark Cave, marks an encouraging return to the personalization of business.
“eBridge’s core mission is to truly understand and meet the needs of the small business owner. We’re humbled by the opportunity to have a strong working relationship with Comerica, whose core values of personalized services and SMB support so closely mirror our own. Comerica has taken the time to truly understand our individual business in a financial climate that sees most banks simply holding back all lending. We only wish our clients had as personal a relationship with their banks as we do.”
In addition to the existing financial services that Comerica provides eBridge, the recent addition of $2.5 million in financing will allow eBridge the opportunity to expand their predictable business model and strong record of growth and stability. While eBridge continues to seek future funding sources, Comerica’s immediate financial support allows eBridge to invest in tools and services to enhance their client’s experience, facilitate affordable growth and to nurture the rebounding local business climate.
About eBridge: eBridge consistently rises to the challenges businesses and marketing agencies both face with the decline of traditional Yellow Page advertising and the increase in complex marketing strategies. In the face of a fragmenting online marketplace, coupled with a global recession, eBridge has consistently maintained growth and industry-wide recognition from its inception in 2003 until today. eBridge currently enrolls 15,000 new customers monthly, and has been recognized by such prestigious organizations as the Inc 5000, Deloitte Technology Fast 500, and Ernst & Young Entrepreneur of the Year for outstanding growth and leadership.