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Bridge Finance Group Provides A $13.5 Million Funding Package To Innatech, LLC CHICAGO, IL - April 29, 2008 - Bridge Finance Group announced the completion of an $8.0 million revolving line of credit and a $5.5 million term loan to Innatech, LLC to refinance their existing lender and provide substantial working capital. The company, headquartered in Michigan, is a producer of plastic injection molded components for the transportation and industrial end markets. The company operates two production facilities located in Richmond, IN and Lebanon, OH. Bill McCardell, of Innatech explained, "Having started very small eight years ago, competing with and supplying large multinational companies in a capital intensive industry, Innatech has now reached critical mass through 45% annual growth. With many traditional competitors struggling, it has taken a finance company that took the time to understand our business and think outside the box in order to provide our Company the necessary liquidity to continue our momentum. Bridge Finance Group was that finance company; responding quickly and effectively to meet our needs." "We recognized how Innatech differentiated themselves through technology and are pleased to provide them with the required liquidity to meet the Company's working capital needs. We pride ourselves in our capability to understand and react with flexible structures to satisfy situations that our clients face in this industry," says Randy Abrahams, President and Chief Executive Officer of Bridge Finance Group. 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 with offices in the Northeast, Southeast, and West Coast. Visit www.bridgefinancegroup.com to learn more about Bridge Finance Group. Contact: Amanda Bowser, Marketing Associate |
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