Silicon Valley Bank, Trinity Capital Provide $63MM Warehouse Facility to Denim - News | ABL Advisor
Summary
The financing, offered by SVBs national fintech practice, allows Denim to continue supporting the cash flow and operational needs of growing freight brokers. In a volatile market, this support is vital for helping brokerages and fleets maximize their finances and enhance efficiency through automation. "With their innovative payment platform, Denim is helping freight brokers simplify their back-office operations so they can focus on running their business," said Brian Foley, Market Manager for SVBs Warehouse and Fintech group. "The team at Denim has built an impressive and highly functional software suite that is advancing the digitization of the expansive freight and logistics market," Steven Lambe, Managing Director, Warehouse Lending at Trinity Capital. "We are excited to partner with their team to provide a flexible facility that will help support their mission and scale operations."