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BRIDGE FINANCE GROUP ADDS SBA/USDA LENDING GROUP AND OPENS JACKSONVILLE OFFICE Chicago, IL - September 20, 2006 - Bridge Finance Group announced the launch of its small business lending division Bridge Business Bancorp, LLC (“BBB”). BBB will focus on providing capital in unique ways by leveraging the Bridge Finance Group platform along with both the SBA and USDA lending products. Matt Smith will lead the efforts of BBB. Most recently Smith was the president of Banc-Serve Consulting, a commercial finance consulting company specializing in SBA and USDA lending. Smith has approximately 15 years of experience in the SBA and USDA lending markets. In connection with its launch, BBB has opened a Jacksonville office. This office will be run by Thomas Hurdman. Hurdman has over 22 years experience in the financial services, commercial banking and capital markets fields. His career includes small business lending positions with CIT Group, Inc., Wells Fargo Bank and Wachovia Bank. “As we expand into new products and markets, it is important to be sure that we can maintain a high level of personal service with highly experienced and dedicated individuals” noted Randy Abrahams, CEO. “The creation of an SBA/USDA lending division and the opening of the Jacksonville office allow Bridge Finance Group to continue to expand our products and footprint” 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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