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Bridge Finance Group Provides A $18.0 Million Funding Package To Help Gourmet Express LLC Recapitalize The Company And Exit From Bankruptcy

CHICAGO, IL - Bridge Finance Group in conjunction with Ilex Capital Group announced the completion of an $8.0 million revolver and a $10.0 million enterprise value term loan to Gourmet Express LLC. Ilex Capital Group provided equity to buy out an existing partner.

"Bridge was a responsive and trusted partner to support our acquisition of Gourmet Express. Bridge was able to excel under intense time pressure, and delivered on their commitments in a way that more traditional lenders had proven unsuccessful. We look forward to working with Bridge on future transactions" said Joe Mathews, President of Ilex Capital Group.

Gourmet Express is engaged in the business of developing, assembling, selling, distributing, and marketing frozen food products primarily in the United States since 1997. The Company's headquarters are in Gridley, Illinois.

"This transaction was an example of the teamwork that Bridge exhibits not only internally but with outside partners," says Mark Zeidman, President and CEO of Bridge Finance Group. "We are pleased that we could provide Gourmet Express with a solution to their recapitalization needs and are looking forward to working with a management team that we found to excellent operators of the business."

ABOUT BRIDGE FINANCE GROUP

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 and inventory revolving loans; and equipment, 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.

 
   
     
  Bridge Finance Group was formed with a single goal in mind – to help businesses grow the right way. Because we accomplish our goal only when you accomplish yours, our focus is on addressing your needs in a way that provide you with peace of mind.

Of course, many companies claim to be customer centered. So what makes us different?

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Bridge Finance Group believes strongly in actively contributing to its community. Through Bridge Charities, we participate in activities that both raise funds and promote awareness for organizations.

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