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BRIDGE BUSINESS BANCORP PROVIDES $3,000,000 FUNDING PACKAGE TO HELP WEST POINT FOUNDRY AND MACHINE COMPANY BETTER COMPETE IN A GLOBAL MARKETCHICAGO, IL – September 11, 2007 - Bridge Business Bancorp, an operating division of Bridge Finance Group, reported that it provided West Point Foundry and Machine Company of West Point, Georgia with a $1,000,000 Revolving Line of Credit and a $2,000,000 SBA Term Loan. The proceeds from the funding were used to refinance debt and provide working capital. West Point Foundry designs, assembles and distributes specialty machines used in the textile manufacturing process. Their specialty machines are sold to large national and international textile manufacturers. Pate Huguley, President of West Point Foundry and Machine Company, stated that "West Point has a long history of manufacturing in the United States. Pressures from China and other low labor cost countries have forced West Point to reevaluate our business model and how we market our products. Bridge Business Bancorp has worked with us to develop a financing package that will allow us the flexibility to pursue new opportunities in new markets." Matt Smith, Director of Bridge Business Bancorp, commented, "West Point Foundry is a unique company with a long history. We are happy to have provided them with a comprehensive loan package that will allow them to capture new markets and continue the company's history of success." 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 |