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Bridge Finance Group Provides A $10.0 Million Facility To Hendricks Companies, Inc. CHICAGO, IL - Bridge Finance Group announced the completion of a $10.0 million revolving line of credit to Hendricks Companies, Inc. The company, headquartered in Loxley, Alabama, operates a number of building supply businesses that focus on serving customers with individualized service and high quality specialty millwork products and building materials. Operations are performed through three retail home center stores and six building supply locations throughout Alabama and Tennessee. Mike Clarke, CFO of Hendricks stated, "Bridge Finance Group understood our business and the current environment and structured a transaction that worked for our company. We are positioned to focus on the growth and expansion of our markets, and the future of the operations." "Our expertise of quickly identifying the opportunities in companies and management's ability to carry out their plan, allowed us to meet Hendricks' needs. Management is well prepared for dealing with a difficult operating environment and now capitalized to do so," says Randy Abrahams President and CEO of Bridge Finance Group. 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 and inventory revolving loans, equipment, 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. Visit www.bridgefinancegroup.com to learn more about Bridge Finance Group." Contact: Amanda Bowser, Marketing Associate |
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