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BRIDGE BUSINESS BANCORP PROVIDES $3.5 MILLION FINANCE PACKAGE TO HAYES BUSINESS GROUP TO FUND ACQUISITIONSCHICAGO, IL – FEBRUARY 15, 2007 - Bridge Business Bancorp, an operating division of Bridge Finance Group, today provided acquisition financing for the Hayes Business Group of Des Moines, Iowa, to acquire certain assets, including real estate and equipment, of an industrial painting company. The $3.5 million facility included a $1.6 million real estate loan, a $1.4 million SBA 7a term loan, and a $500,000 revolving line of credit. Steven Hayes, President of the acquiring group, stated “Bridge Business Bancorp has understood our needs and has provided a sure and complete financial package for our company to move to the next level. This connection and urgency to get the deal done has been invaluable in this process.” “The facility will allow Hayes Business Group to expand the business and continue to grow the new acquisition. We are excited to have helped in completing this financing” said Matt Smith, Director, Bridge Business Bancorp. Bridge Business Bancorp, LLC, an operating division of the Bridge Finance Group, is a diversified corporate finance company, offering a full range of asset and cash flow-based financing products for small and medium-size businesses. Bridge Business Bancorp specializes in providing both revolving and term loan products for working capital, equipment, real estate acquisition, turnaround/ recapitalizations, management buyouts, short-term financing or expansion. Headquartered in Chicago, with regional offices in California, Connecticut, Florida, Georgia, Michigan, and New York, services are offered nationally. CONTACT Matt Smith, Director |