January 2, 2014 5:37 PM

Square 1 Bank adds accounts-receivable financing

Durham-based Square 1 Bank is expanding into accounts-receivable financing. Square 1, which caters to venture-capital-backed businesses, announced Thursday that it has acquired most of the assets and hired all of the employees of Sand Hill Finance, a Silicon Valley business that provides accounts receivable financing to emerging growth companies across the country.

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