Published:
Bridge Business Bancorp Provides $4.5 Million Revolver to Olhausen Billiard Manufacturing, Inc. to Help Grow the Company
CHICAGO, March 13 /PRNewswire/ -- Bridge Business Bancorp, an operating
division of Bridge Finance Group, provided Olhausen Billiard Manufacturing
Inc. with a $4,500,000 Revolver in order to refinance existing debt and
provide working capital to help grow the Company. The proceeds from the
funding resulted in additional liquidity for Olhausen.
Olhausen, located inPortland, Tennessee, is a manufacturer of middle and
high end billiard tables and distributor of game room furniture and supplies.
The Company sells nationally to distributors, recreational centers and
retailers.
"It has been a pleasure working with everyone at Bridge and I appreciate
the opportunity [Bridge] has given Olhausen Billiards. Their belief in our
future as an American manufacturing company is refreshing, as our employees
and our customers who share that faith will attest ... with their help we will
be able to continue to make 'The Best in Billiards' even better," said Donny
Olhausen, CEO and owner of Olhausen.
"Olhausen has a strong brand image, with a very capable and committed
management team. We are excited to be working with them in expanding their
capabilities and supporting a unique American manufacturer," said Matt Smith
Director, Bridge Business Bancorp.
ABOUT BRIDGE BUSINESS BANCORP
Bridge Business Bancorp, an operating division of 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, 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 inChicago, Illinois with offices in the Northeast,
Southeast, Midwest and West Coast.
SOURCE Bridge Business Bancorp
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