SAN JOSE, CA--(Marketwire - May 10, 2011) - Bridge Capital Holdings (
Working with the U.S. Small Business Administration (SBA) and utilizing the 7(a) Loan Program, Bridge Bank provided Hammerhead Designs with financing that allows the company to purchase equipment and inventory for their expansion into aftermarket products for street motorcycles.
"While the idea of a small business obtaining financing in today's economic climate may seem daunting, Bridge Bank and the SBA program really came through for us," says John Clark, Owner and President of Hammerhead Designs. "Working with Bridge Bank has been a true pleasure and their staff has demonstrated a level of support and customer service that truly goes 'above and beyond' to take care of their clients. We feel very fortunate to have been accepted into the SBA program and we couldn't have done it without the help of Bridge Bank and their commitment to see this process through with the best interests of Hammerhead Designs in mind."
Hammerhead Designs manufactures accessories for motocross motorcycles that are widely used by professional racers looking for a competitive edge as well as riders looking to improve riding comfort and motorcycle control. With its success in the motocross sector, Hammerhead Designs is developing a product line to meet the needs of the street bike community.
"Bridge Bank is excited to be working with Hammerhead Designs as they expand into a new market," said Ken Mannina, Senior Vice President and Regional Sales Manager of Bridge Bank's SBA Group. "As a motorcycle enthusiast, I was already familiar with their products and great reputation. Having the opportunity to help them grow their business, both domestically and internationally, is a great opportunity for the Bank."
About Hammerhead Designs
Hammerhead Designs, headquartered in Redwood City, CA, is a manufacturer of ergonomic and innovative accessories for motocross motorcycles. Hammerhead makes high quality products with a wide range of adjustability and provides gear shifters and brake pedals to the Muscle Milk/Toyota/JGRMX Professional Team of Motocross Racing. Its product line includes shift levers, brake pedals, holeshot devices, axle blocks, case savers, and throttle tubes. Learn more about Hammerhead Designs at www.hdmoto.com.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
About Bridge Bank, N.A.
Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle-market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web at www.bridgebank.com.
Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.
Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.
The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.