“With this additional funding and our existing credit facilities, we are well positioned to support our clients’ financing needs and growth in the new year,” stated Steve Dervenis, CEO of Blue Bridge.
RESTON, Va. (PRWEB) January 05, 2021
Blue Bridge Financial, LLC (“Blue Bridge”), a leading independent commercial equipment finance company, announced the up-sizing of its existing corporate notes to $15.0 million. This incremental capital raise follows the company’s previously announced three-year extension of its corporate notes and one-year extension of its revolving credit facility. Proceeds from this transaction will be used to leverage the company’s credit facilities and support the continued growth of the Blue Bridge financing platform. “The up-sizing of our corporate notes is a strong endorsement of the stability and success of our company in a challenging environment and of our mission to transform the way businesses access capital,” stated Steve Dervenis, CEO of Blue Bridge. “With this additional funding and our existing credit facilities, we are well positioned to support our clients’ financing needs and growth in the new year.” Brean Capital, LLC served as the Company’s exclusive Advisor and Placement Agent for the notes.
About Blue Bridge Financial, LLC
Blue Bridge Financial, LLC is a specialty finance company and leading provider of commercial financing solutions for small business borrowers as well as manufacturers, vendors and distributors of commercial equipment. The company is headquartered in Reston, Virginia, with offices in Buffalo, New York. To learn more about Blue Bridge Financial, visit http://www.bluebridgefinancial.com or call 716-204-8467.