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Bridge Finance Group Provides $27.5 Million Financing Package To Rockford Products Corporation CHICAGO, IL – April 9, 2007 - Bridge Finance Group today announced the completion of a $20.5 million revolving line of credit and a $7.0 million term loan to Rockford Products Corporation. The company is an employee owned ESOP that manufactures and distributes steel cold-formed components, fasteners and other related products. Rockford Products is based in Rockford, IL. “This financing will provide us with the necessary additional working capital needed to operate our business as effectively as possible” said Ray Wood, President and CEO. “Bridge Finance Group was diligent and professional throughout the closing process.” “The financing will allow Rockford Products to maintain adequate working capital to operate the business” said Randy Abrahams, President and Chief Executive Officer of Bridge Finance Group. “Bridge is looking forward to helping Rockford Products achieve its short and long term goals.” 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, 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. Contact: Amanda Bowser, Marketing Associate |
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