ATLANTA, Feb. 28, 2017 (GLOBE NEWSWIRE) -- Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $1 million credit facility to new client Surefire Local (formerly Surefire Social), a cloud-based, local marketing platform. Proceeds from the facility will support the company’s continued expansion and future product launches.
With offices in Tysons Corner and Atlanta, Surefire Local is a hyperlocal marketing technology and services company that provides sophisticated artificial intelligence and data analytics at scale for multi-location brands. The platform assembles relevant, multi-channel marketing data from all sources in one place, making it easier for marketers to evaluate, visualize and apply critical insights. Surefire Local also provides valuable analysis of affiliate behavior and sentiment.
“Surefire Local is proud to partner with Square 1. As a high-growth technology-enabled services company, attracting world class capital partners is critical to maintain our growth. We look forward to working with the awesome team at Square 1 as we continue to build our company,” said Chris Marentis, chief executive officer and founder of Surefire Local.
“Square 1 is excited to support Surefire Local and serve as their financial services partner,” added Ned Hill, managing director in Square 1’s technology banking practice. “The company has strong, dedicated leaders that truly understand the location data and content management needs of their clients and are focused on helping them generate more leads. They have shown excellent momentum to date, and we look forward to supporting the company for years to come.”
About Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.
Established in 2009, Surefire Local provides simple, accessible and cost-effective new customer acquisition products and services, helping local business owners live prosperously. It has emerged as a top local marketing technology company and a top Google Premier Partner for home improvement businesses, medical practices and franchise owners. Large manufacturers like GAF, Renewal by Andersen, Wellborn Cabinets and Louisiana-Pacific also partner with Surefire Local to provide preferred local digital marketing services to their dealer and distributor networks. Surefire Local has been included on the Inc. 5000 List of America’s Fastest Growing Companies for three years in a row. The company’s SaaS technology products enable business owners to reach their local customers more effectively. In 2016, customers used Surefire services to generate more than 600,000 leads.