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Bridge Finance Group Provides $9.5 Million Financing To Olson & Co. Steel CHICAGO – JULY 13, 2006 - Bridge Finance Group today announced the completion of a $6.0 million revolving line of credit and a $3.5 million term loan to Olson and Co. Steel. Olson is a fabricator and installer of structural and architectural steel, miscellaneous iron and specialty metal products for commercial and residential buildings in California. The company is headquartered in San Leandro, California with a secondary location in Fresno, California. “This financing will allow us to accommodate the fulfillment of our increasing backlog” said Dave Olson, President. “Bridge Finance Group was very professional and efficient throughout the entire process from audit to loan closing.” “The financing will allow Olson to expand the business as the new facility will provide ample working capital to fund growth” said Randy Abrahams, President and Chief Executive Officer of Bridge Finance Group. “Olson has a great history and we are very glad to be a part of its future.” 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. |
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