CHICAGO, April 19 /PRNewswire/ -- Bridge Business Bancorp, an operating division of Bridge Finance Group, today funded a $2,500,000 revolving line of credit for The Foreign Candy Company of Hull, Iowa. The new facility provides Foreign Candy with additional working capital to expand its product lines. Foreign Candy Company is a domestic distributor of imported candies.
"The new facility is key to the implementation and achievement of Foreign Candy's future business plans," Perry Borchard, Chief Financial Officer of Foreign Candy stated. "The team at Bridge Business Bancorp made it possible for us to focus on our growth by working so efficiently to provide the financing we needed."
"We are pleased to have provided this important financing to The Foreign Candy Company," said Matt Smith, Director of Bridge Business Bancorp. "We are always committed to working to provide a way for our customers to grow."
ABOUT BRIDGE BUSINESS BANCORP
Bridge Business Bancorp, LLC, an operating division of the Bridge Finance Group, is a diversified corporate finance company, offering a full range of asset and cash flow-based financing products for small and medium-size businesses. Bridge Business Bancorp specializes in providing both revolving and term loan products for working capital, equipment, real estate acquisition, turnaround/recapitalizations, management buyouts, short-term financing or expansion. Headquartered in Chicago, with regional offices in California, Connecticut, Florida, Georgia, Michigan, and New York, services are offered nationally.