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Sirit Extends its Borrowing Facility

Sirit moves to specialist technology bank for its future growth plans

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Sirit Inc. announced that it has signed with Silicon Valley Bank, a premier commercial bank for technology companies, to increase its borrowing capacity to a maximum of US$2.5 million.

“We are very pleased to be working with one of the most stable and top technology banks in the U.S.,” said Anastasia Chodarcewicz, CFO, Sirit Inc. “With Silicon Valley Bank, we have increased our current borrowing capabilities, even in these tough economic times, by over $1 million as Sirit anticipates growth and looks to Silicon Valley Bank to assist with our future banking needs.”

“SVB is proud to work with Sirit,” said Dave Rodriguez of Silicon Valley Bank. “We are committed to the company’s success and to providing the financial solutions it needs to pursue its plans for growth.”

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