Square 1 Bank Announces Credit Facility to PlayMaker CRM, Inc.
20 Januar 2016 - 2:00PM
Square 1 Bank, a division of Pacific Western Bank, today announced
that it has provided a $3 million credit facility to new client,
PlayMaker CRM, Inc., a leading customer relationship management
(CRM) solution for the post-acute care industry. Proceeds from the
facility will be used to support the company’s continued growth.
Founded in 2008, PlayMaker CRM targets post-acute care and home
medical equipment (HME) providers—seeking to transform the way they
manage their sales and grow their referral bases. The cloud-based
solution focuses on referral source relationship management, and
allows HME sales teams to identify and target high-value healthcare
providers and facilities. PlayMaker CRM also increases sales and
administrative efficiency by allowing users to manage accounts,
contacts and referrals and access relevant, real-time information
anytime, anywhere.
John Griscavage, chief executive officer of PlayMaker CRM, said,
“As the leader in our market, we are dedicated to the continuous
improvement of both our technology and our team. This recent credit
facility from Square 1 Bank allows us to make significant advances
in these areas.”
Zack Mansfield, senior vice president in Square 1 Bank’s
technology banking practice, added, “PlayMaker CRM has experienced
a tremendous amount of growth under the leadership of its seasoned
management team. We are delighted to serve as their partner and
support a Nashville-based, high impact company.”
About PlayMaker CRMPlayMaker CRM is the leading cloud-based
customer relationship management solution designed specifically for
post-acute care to assist with maximizing sales efficiency, growing
market share and increasing profitability. PlayMaker CRM is used by
hundreds of agencies large and small that realize the benefits of
using innovative technology to grow and stay ahead of the
competition. For more information, visit playmakercrm.com.
About Square 1 BankSquare 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: 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.
Media Contact:
Square 1 Bank, a division of Pacific Western Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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