Monday, April 24, 2006

Local indicators, encouraging signs

N.C. bank jumps into tech fray with money to lend

Since mid-December, Square 1 ( has extended credit lines worth $9 million to three companies in the region: Optinuity in Bethesda, Wisor Telecom in Gaithersburg and Ciclon in Richmond. The bank has term sheets out to three more companies it wouldn't identify.

Square 1 expects to provide loans and services to as many as 18 companies this year and double or even triple that in 2007.

N.Y. investor's plan: Up to $150M for local tech firms

A New York venture capital group will invest as much as $150 million in local companies developing technologies for commercial and military uses.

No comments: