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Blue Bridge Financial Secures Financing to Support Growth

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Date: Oct 24, 2013 @ 06:50 AM
Filed Under: Industry News

Blue Bridge Financial announced that it has recently secured growth capital financing in two separate transactions with Triton Pacific Capital Partners and Bearing Circle High Yield, LLC. In combination, these facilities provide Blue Bridge Financial with greater balance sheet flexibility to support continued growth in originations as well as financial partners committed to the long-term strategic growth of the Company.
 
CEO Mark DeBacker commented, “The closing of these two investments provides Blue Bridge Financial with additional capital to leverage as it expands its small-ticket equipment finance lending platform. We are pleased to welcome our new capital partners who share our vision regarding growth opportunities within the equipment finance industry. These partners are committed to support the Company’s pursuit of strategic acquisitions and partnership opportunities that will expand our small business lending platform across a broader loan origination and distribution network.”
 
Blue Bridge Financial initially intends to deploy the capital into growing and expanding its existing loan programs and to reinvest in management level talent to support the Company’s growth. President Brian Gallo commented, “The capital infusion provides Blue Bridge Financial with the necessary capital to offer more aggressive programs to better position our product within the competitive equipment finance industry.
 
Blue Bridge Financial, LLC, is a leading provider of equipment finance solutions to small business borrowers and financial institutions on a national basis. Blue Bridge's unique turnkey equipment finance solution provides for seamless small business loan sourcing, underwriting, funding and management of equipment loan programs for borrowers and lenders alike. Blue Bridge Financial maintains offices in Buffalo, New York, San Francisco, California, Las Vegas, Nevada, Tampa, Florida and Grand Island, Nebraska.



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