SVB Emergency line | Brex
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SVB Emergency line
Emergency bridge loan for SVB customers.
Brex is offering emergency bridge loans to qualified SVB customers to help minimize the impact of recent events on operational spend.
With the recent news around Silicon Valley Bank’s insolvency, many SVB customers are unable to move funds and fulfill their payment obligations such as payroll, invoices, etc.
Brex is offering emergency bridge loans to qualified SVB customers to help minimize the impact of recent events on payroll and other operational spend. You can find more information on Brex Business Accounts, and how they reduce exposure to any single bank here.
This loan is funded by 3rd-party capital (and not Brex directly), who are working with Brex to minimize the impact of this event to the startup ecosystem.
For new customers, open a Card + Business Account and complete the emergency loan application.
During the onboarding process, it’s important to link your SVB account to Brex.
For current Brex Business Account customers, apply below.
Make sure to use the same email you used to sign-up for your Brex account.
We'll review your application and be in touch with next steps as soon as possible.
We know the situation is fluid and stressful, and Brex is doing everything in our power to support the startup community in this difficult time.
Please reach out to us ([email protected]) if we can help in any way.
The final terms of the emergency line of credit will be subject to diligence and a final review and executed loan agreement with the customer.
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Brex Inc. provides the Brex Mastercard® Corporate Credit Card, issued by Emigrant Bank, Member FDIC or Fifth Third Bank, NA., Member FDIC. Use of Brex’s user data access application programming interfaces is subject to the Brex Access Agreement. Use of Brex Empower and other Brex products is subject to the Platform Agreement.
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Investing in securities products involves risk and you could lose money. Brex Treasury is not a bank nor an investment adviser and your Brex Cash account is not an FDIC-insured bank account.
*Your account earns yield on an annual basis. The figure shown here is an estimate of the annualized yield based on the average performance of the past seven days.* Yield is variable and fluctuates. Carefully consider a fund's investment objectives, risks, charges and expenses, as described in the applicable mutual fund’s prospectus. Contact us for a copy of the fund prospectus. Past performance does not guarantee future results, which may vary.
SIPC currently protects the assets in each of your securities accounts at Brex Treasury up to $500,000 (including $250,000 for claims for cash). Please see https://www.sipc.org/
This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product, instrument or to open a brokerage account in any jurisdiction where Brex Treasury is not registered. Review the background of Brex Treasury or its investment professionals on FINRA's BrokerCheck website. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.
Brex does not provide, nor does it guarantee, any third-party product, service, information, or recommendation and may pay third parties and/or be paid by them for customer referrals.
Services may be provided by Brex Payments LLC (NMLS #2035354).
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