Since mid-December, Square 1 (www.square1bank.com) 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.