Square 1 Bank Announces Credit Facility to TaskEasy, Inc.
21 May 2015 - 1:00AM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
$2 million credit facility to new client TaskEasy, an innovative
SaaS platform that is changing how homeowners and rental property
managers order and manage home exterior maintenance tasks. Proceeds
of the credit facility will support the company's continued growth.
TaskEasy offers online tools for buying, managing and servicing
exterior home maintenance tasks such as lawn mowing, snow clearing
and holiday light installation. Founded in 2011, the
services-on-demand startup connects customers and contractors,
providing homeowners with the ease of online booking and
contractors with real jobs instead of marketing leads. TaskEasy
offers customers affordable pricing, fast online ordering and a
satisfaction guarantee.
TaskEasy's chief executive officer, Ken Davis, said, "TaskEasy
has already managed lawn care for customers in over 2,900 cities
across the US, and we have a network of thousands of certified
service contractors that rely on TaskEasy to support and grow their
businesses. This partnership with Square 1 positions us to respond
even more quickly to the demand we are seeing for our
services."
"TaskEasy is changing the way people outsource projects around
the house by connecting homeowners directly to reliable, efficient
service providers," added Adam Glick, senior vice president at
Square 1 Bank. "We are excited to partner with the TaskEasy team
and support their commitment to building stronger communities and
fueling local economies."
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 TaskEasy
TaskEasy is the first company to apply the services-on-demand
model to home exterior services nationwide — with a focus on lawn
care, snow clearing and holiday lighting. The company's mission is
to make buying home exterior services as easy for customers as
buying products online, while helping reliable contractors generate
more business. TaskEasy's patent-pending formula establishes fair
market pricing for these services in statistical metropolitan areas
in all 50 U.S. states. This means customers and contractors don't
have to haggle on price; instead, the focus is on quality and
fairness. Once a contractor fulfills a task, TaskEasy makes sure
the customer is completely satisfied before a contractor is paid.
Since its founding in April 2013, TaskEasy has performed over
100,000 tasks in more than 2,900 cities across the U.S., and has
established a network of thousands of certified contractors. The
company is headquartered in Salt Lake City, Utah. For more
information, visit www.TaskEasy.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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