 |
 |
 |
 |
 |
 |
 |
BRIDGE BUSINESS BANCORP PROVIDES $4.5 MILLION REVOLVER TO OLHAUSEN BILLIARD MANUFACTURING, INC. TO HELP GROW THE COMPANYCHICAGO, IL - March 13, 2008 - Bridge Business Bancorp, an operating division of Bridge Finance Group, provided Olhausen Billiard Manufacturing Inc. with a $4,500,000 Revolver in order to refinance existing debt and provide working capital to help grow the Company. The proceeds from the funding resulted in additional liquidity for Olhausen. Olhausen, located in Portland, Tennessee, is a manufacturer of middle and high end billiard tables and distributor of game room furniture and supplies. The Company sells nationally to distributors, recreational centers and retailers. “It has been a pleasure working with everyone at Bridge and I appreciate the opportunity [Bridge] has given Olhausen Billiards. Their belief in our future as an American manufacturing company is refreshing, as our employees and our customers who share that faith will attest…with their help we will be able to continue to make ‘The Best in Billiards’ even better,” said Donny Olhausen, CEO and owner of Olhausen. “Olhausen has a strong brand image, with a very capable and committed management team. We are excited to be working with them in expanding their capabilities and supporting a unique American manufacturer,” said Matt Smith, Director, Bridge Business Bancorp. 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. CONTACT Matt Smith, Director |