SEATTLE, April 29, 2015 (GLOBE NEWSWIRE) -- 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.