Western Alliance Bank Supports OnQ With $7.5 Million Asset-Based Line of Credit

NEW YORK–(BUSINESS WIRE)–Western Alliance Bank today announced that OnQ, the leading retail display company, has secured an enhanced credit facility with the bank’s Asset-Based Lending Group.

Western Alliance Bank is supporting OnQ by providing a $7.5 million asset-based line of credit and customized treasury management solutions to support the company’s current growth trajectory. The line of credit provides OnQ with flexibility as it scales its platform to serve a growing base of global retail brands.

For over 20 years, OnQ has been trusted by top global brands and retailers including Walmart, Costco, Samsung, Sony, Kroger and Lowe’s, among many others. With systems installed in more than 10,000 stores worldwide, OnQ delivers end-to-end retail solutions from design and engineering to installation and support.

“OnQ is the global leader in retail systems, with a proven track record of executing at scale,” said Ryan Banta, Senior Director of Commercial Banking at Western Alliance Bank. “We could not be more pleased to support this dynamic company as they continue to shape the future of global retail.”

With retail displays worldwide, OnQ specializes in providing comprehensive retail solutions that scale. OnQ’s designers and engineers turn concepts into retail-ready systems, from security to protect high-value products, without compromising design, to technology that connects devices and provides real-time analytics. Across the board, OnQ creates solutions that drive engagement and connect shoppers to brands.

“As a relentlessly future-focused firm, we’re tremendously excited to work with a bank that’s both flexible and forward-thinking,” said Paul Chapuis, founder and CEO of OnQ. “The Western Alliance team truly understands our vision to create seamless retail experiences for brands worldwide.”

About OnQ

OnQ is a leading provider of engaging, tech-enabled, secure retail displays and in-store experiences. Founded in 2004 and headquartered in Hayward, California with production facilities in Akron, Ohio, OnQ has been creating breakthrough retail environments for the world’s top brands and retailers for more than two decades. The company’s modular, flexible display platform enables retailers and brands to easily and cost-effectively refresh product assortments with minimal disruption. OnQ’s merchandising solutions support a wide range of categories, including consumer electronics, home automation, pet care, health & beauty and household products. By combining innovative design, security, and technology, OnQ helps brands create meaningful connections with shoppers in-store and beyond. Learn more at www.onqsolutions.com.

About Western Alliance Bank

Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies and has ranked as a top U.S. bank by American Banker and Bank Director since 2016. Its primary subsidiary, Western Alliance Bank, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance excels at helping businesses of all sizes capitalize on their opportunities to solve today and succeed tomorrow. For more information on our offerings, subsidiaries and affiliates, visit Western Alliance Bank, Member FDIC, or follow us on LinkedIn.

Contacts

Media Contact: Stephanie Whitlow [[email protected]]