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The Yard coworking space picks up $15 million in credit from IDB Bank

The entrepreneurial spirit has never been stronger, so it’s no surprise that co-working spaces are so hot right now.

The Yard, for example, has recently secured a $15 million credit line to expand its coworking offering to startups in New York City.

Founded by Morris Levy and Richard Beyda, The Yard wants to be the more ‘grown-up’ co-working space, with opaque walls instead of glass between offices and better sound-proofing so members can get down to work without distraction.

“People don’t want to look at the mess in the office next door or worry about others looking at their computer screen,” said CEO Morris Levy.

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