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BRIDGE BUSINESS BANCORP PROVIDES A $2.0 MILLION SBA 7(a) TERM LOAN TO MID-WEST TECH, INC.CHICAGO, IL – April 8, 2008 - Bridge Business Bancorp, an operating division of Bridge Finance Group, provided Mid-West Tech, Inc. with a $2.0 million SBA 7(a) term loan to purchase the assets of the existing business. Mid-West Tech, headquartered in Madrid, Iowa, is the leading supplier of technical software, hardware, and training equipment to educational and industrial markets in the Midwest. "At first, the SBA process seemed too overwhelming, but Bridge Business Bancorp was on top of every detail," said David Hoit, owner of Mid-West Tech, Inc. "As we worked through the complicated requirements, Bridge was able to quickly and accurately answer questions, deal directly with the SBA on my behalf, and we hit our target on schedule." "This was a great opportunity for the new ownership group to gain control of a very significant business," said Matt Smith, Director of Bridge Business Bancorp. "We are confident in their abilities and look forward to watching their investment grow." ABOUT BRIDGE BUSINESS BANCORP Bridge Business Bancorp, an operating division of Bridge Finance Group, offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois with offices in the Northeast, Southeast, Midwest and West Coast. For more information about Bridge Business Bancorp, go to www.bridgebusinessbancorp.com. CONTACT Matt Smith, Director |