 |
 |
 |
 |
 |
 |
 |
BRIDGE BUSINESS BANCORP PROVIDES $1.3 MILLION TO HELP SABERTOOTH ENTERPRISES, LLC MAKE ACQUISITIONCHICAGO, IL – MARCH 20, 2007 - Bridge Business Bancorp, an operating division of Bridge Finance Group, today provided acquisition financing for Sabertooth Enterprises, LLC , to acquire certain assets of Billsby Lumber Co., Inc. , including real estate, equipment and Inventory. Billsby Lumber Company located in Harrison, Michigan, is a producer of Hardwood Lumber. The $1.3 million facility included a $1.1million SBA 7(a) loan to acquire the Real Estate, Equipment and Customer List and a $200,000.00 Revolving Line of Credit for working capital. “Partnering with Bridge for this transaction worked out well for us, stated Todd Culp, Managing Partner of Sabertooth Enterprises. “Bridge made sure we were adequately capitalized for the opportunities we have in front of us.” “We were very happy to have completed the transaction with Sabertooth, said Matt Smith, Director of Bridge Business Bancorp. “This is the third transaction with the principals and it is gratifying to see how they will benefit”. 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 |