New York - Digital advertising firm Miva announced on Monday that it has entered into a credit facility for up to $10 million with Bridge Bank.

New York-based Miva owns and operates a portfolio of consumer destination sites and interest-specific toolbars, and runs a third-party contextual pay-per-click ad network focused on various vertical sectors.

The company said it plans to use the credit line to support growth of its ALOT toolbar and homepage brand; the rollout of its new Miva Media ad platform; and as working capital for general corporate purposes.

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http://www.miva.com