Square 1 Bank Announces Credit Facility to InDemand Interpreting, Inc.
30 April 2015 - 1:00AM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
$3 million credit facility to InDemand Interpreting, a leading
video remote interpreting (VRI) provider for the healthcare
industry. Proceeds of the credit facility will support the
company's continued growth.
InDemand strengthens communication between healthcare providers
and their Deaf and limited English proficient (LEP) patients by
offering organizations of all sizes access to convenient,
cost-efficient video-based interpreting. Serving over 500 providers
every day, the company's nimble technology and strong commitment to
providing quality language services is improving clinical
experiences for Deaf and LEP patients across the U.S.
"This capital expansion will support our vision to ensure that
every patient in every medical setting receives the highest quality
healthcare, regardless of language, cultural background or
disability," said InDemand Interpreting CEO Jim Ewel. "Through our
continued growth, we consistently provide the highest quality
medical interpreting in the industry."
Tom Reimer, vice president at Square 1 Bank, added, "InDemand's
unwavering commitment to quality communications in healthcare has
contributed to the company's success thus far. The company is
addressing a real, large scale need as the country's population
continues to grow and diversify. Square 1 is proud to work with Jim
and the InDemand team and looks forward to supporting their future
growth."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New
York, San Diego, Seattle and Washington, DC. For more information,
visit www.square1bank.com.
About InDemand Interpreting
InDemand Interpreting was founded in 2007 with the vision of
ensuring that every patient receives the highest quality
healthcare, regardless of language, cultural background or
disability. By delivering the most experienced medical interpreters
and highest quality video technology, InDemand Interpreting
provides doctors, nurses and clinicians the language access they
need to provide the best possible care. Visit InDemand at
www.indemandinterpreting.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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