 |
        |
|
Bridge Business Bancorp Provides $2 Million Financing To Thermal Air Systems Chicago, IL – September 22, 2006 - Bridge Business Bancorp today announced the completion of a $2 Million revolving line of credit to Thermal Air Systems. Thermal Air is a distributor of heating and air conditioning equipment, and serves numerous municipalities and public and private construction projects in the State of Indiana. Thermal Air is headquartered in Indianapolis, Indiana. "This financing has allowed us to buy-out a former owner,” said Tim Saunders, Vice President, “and will provide the capital necessary to grow our existing business. FY 2006 has been our best year as a company to date and FY 2007 looks to be more of the same. This capital will allow us to aggressively compete and close jobs which we may not have been able to pursue otherwise." “The facility will allow Thermal Air to expand the business as it will provide ample working capital to fund growth” said Matt Smith, Director, Bridge Business Bancorp, “and we are very glad to be part of its future” ABOUT BRIDGE BUSINESS BANCORP Bridge Business Bancorp, LLC is the small business lending division of Bridge Finance Group. 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. 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 Rick Orchard, President |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
