It may not "directly" impact PFG's ability to lend going forward.
That's because PFG is not the lender. But...
indirectly.....it completely impacts PFG's ability to lend going forward.
Clean up your books PFG. You will need a new lender.
Important Update from PFG on SVB
The teams at Silicon Valley Bank (SVB) and Partners for Growth (PFG) have been working together for more than 30 years and it is with a heavy heart that we follow the news around the events at SVB. SVB were true pioneers of tech lending and supported many tech companies around the world for 40 years. We enjoyed a collaborative partnership with SVB over the last three decades supporting companies with custom financing and feel lucky to call many of the great people at SVB our friends and partners.
The current situation does not directly impact PFG’s ability to lend going forward—PFG has always been an independent entity, not owned by SVB. We will continue to lend to growing technology companies and support entrepreneurs globally. Please get in touch with us with any questions. If you are a tech business impacted by this situation, please let us know how we can be of assistance to you.
Posted on Saturday, March 11, 2023
