3Q Digital, a San Jose, CA-based digital marketing agency, received a $10Mm asset-based line of credit.
Avidbank Specialty Finance, a Division of Avidbank that specializes in technology, sponsor finance and asset-based lending, has provided the financing, which aims to facilitate a buyback from parent company Harte Hanks and provide working capital to support growth.
Founded in 2008, 3Q Digital is a digital marketing agency offering search engine management, search engine optimization, social advertising, mobile advertising, analytics and business strategy. The agency has partnered partners with most innovative brands, including Square, ModCloth, SurveyMonkey, The RealReal, and Eventbrite.
In 2015, the company was acquired by marketing parent Harte Hanks.
The company has offices in San Francisco, Chicago, New York, San Diego, Austin, Charlottesville, Raleigh, and Burlington, VT.