Richardson Texas (PRWEB) January 15, 2013
The Bradshaw Group, Inc., a global distributor of laser printers, parts, and supplies, today announced that on December 27, 2012 the company entered into a new $2.5 million 3 year revolving credit facility with Triumph Commercial Finance. This new credit facility replaces the company’s existing $1.8 million revolving line of credit.
“The refinancing of our debt with Triumph Commercial Finance represents a significant achievement for Bradshaw as we prepare the company for its future,” said Lee Weiner, Bradshaw’s CFO. “This new credit facility creates additional strategic optionality that under the previous arrangement simply was not available. The company now has the necessary working capital structure to execute on both our strategic initiatives and operational growth plans.”
Bradshaw is a major enabler of printer service organizations worldwide. As a leading manufacturer and distributor of needed printer parts and supplies, as well as, technical support and training, Bradshaw supports clients in production print environments and managed print arenas. More information about the company and its solutions: http://www.bradshawgroup.com.
Triumph Commercial Finance (http://www.triumphcf.com), a member of the Triumph Bancorp, Inc., group (http://www.triumphbancorp.com), provides asset based lending, accounts receivable financing (factoring), and equipment finance solutions for small to mid-sized businesses nationwide.