JAX Bridges participant OnPay Solutions recently closed on a $150,000 line of credit with Atlantic Coast Bank and CEO Neal Anderson credits the Jacksonville company’s participation in the JaxBridges program with helping to seal the deal.
“It helped in making those first introductions, and also in learning how to lay out our financials and position the company in a way that would make sense to bankers,” Anderson said.
JaxBridges is an initiative launched through Jax Chamber’s entrepreneurial growth division in July 2014. It aims to connect small businesses with the funding, training and networking opportunities that could lead to deals — such as product supply and vendor contracts — with larger corporations. (Read more...)