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BRIDGE BUSINESS BANCORP PROVIDES $1.5 MILLION REVOLVING LINE TO FUND GROWTH OF SPIEGEL MEATS INC.CHICAGO, IL – FEBRUARY 12, 2007 - Bridge Business Bancorp today announced the completion of a $1.5 Million revolving line of credit to Spiegel Meats Inc. Spiegel is a distributor of fresh and frozen meats and poultry, targeting distributors, meat markets, restaurants, and grocery stores in the south Florida area and the Caribbean. The Company was founded in 1969 and is headquartered in Miami, Fl “This financing will provide us with the capital necessary to grow our existing business,” said Ed Croteau, Sr., President. “We are very happy to now have a loan facility that will grow with us and help us meet the goals we have set for FY 2007 and beyond.” “The facility will allow Spiegel to expand the business as it will provide ample working capital to fund growth” said Matt Smith, Director, Bridge Business Bancorp, “ and we are very glad to be part of its future” ABOUT BRIDGE BUSINESS BANCORP Bridge Business Bancorp, LLC, a subsidiary 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 |