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BRIDGE BUSINESS BANCORP OBTAINS SBA LENDING AUTHORITY AND IS APPROVED BY THE SBA AS A SMALL BUSINESS LENDING COMPANY CHICAGO, IL - March 18, 2008 - Bridge Business Bancorp ("BBB"), an operating division of Bridge Finance Group, obtained SBA approval for the transfer of SBA lending authority to BBB from a large US Money Center Bank on February 26, 2008. With this approval, BBB qualifies as a Small Business Lending Company and has the authority to provide loans that are guaranteed, in part, by the United States Small Business Administration (the "SBA") and commonly referred to as "SBA 7(a) Loans." "This is the final piece of lending capability that Bridge Business Bancorp needed to attain our goal of becoming the premier provider of financing to the small and lower middle market business community," Matt Smith, Managing Director of BBB, said. "We are very pleased to be in the program, committed to our goals, and look forward to working with small and middle market companies nationwide." BBB, a Small Business Lending Company ("SBLC"), will originate, close and service commercial loans made to small businesses under the SBA 7(a) guaranteed loan program. BBB is headquartered in Chicago, IL and originates SBA 7(a) Loans through their business development officers located throughout the United States. ABOUT BRIDGE BUSINESS BANCORP Bridge Business Bancorp (www.bridgebusinessbancorp.com), 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 |
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