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BRIDGE BUSINESS BANCORP FACILITATES $1.7 MILLION FINANCING TO HELP ISLEY PLUMBING MOVE FORWARDCHICAGO, IL – FEBRUARY 21, 2007 - Bridge Business Bancorp, an operating division of Bridge Finance Group, facilitated acquisition financing for Isley Plumbing of Indianapolis, IN. A $1.6 million SBA 7(a) term loan and a $100,000 revolving line of credit assisted the company by providing the funds needed to buyout the retiring stockholders and providing for additional working capital going forward. Brad Isley, incoming President of Isley Plumbing, stated “I think Bridge Business Bancorp made the whole experience enjoyable and an easy transition for us. The staff of Bridge Business Bancorp was very knowledgeable and worked to explain the process and steps we needed to achieve to get the deal done. I am very excited about the partnership with Bridge and feel confident in our future.” "The Isley facility is a great example of a partnership between Bridge and the borrower, we worked together to really understand each other's needs during the process and are very excited to have provided financing to facilitate this buyout" said Matt Smith, Director, Bridge Business Bancorp. ABOUT 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 |