Blue Bridge Financial, an independent commercial equipment finance company, upsized and extended its corporate notes to $20 million. These notes refinanced the company’s $15 million corporate notes financing from January 2021. Blue Bridge will use the additional proceeds to support continued growth and for general corporate purposes.
Founded in 2009 to fill a gap in the lending market that enables more businesses to finance business-essential equipment more quickly, Blue Bridge has funded more than $600 million to over 8,000 businesses in more than 30 industries across the U.S., since inception.
“This transaction ensures that Blue Bridge has ample growth capital for the foreseeable future, allowing us to maintain competitiveness in the market and take advantage of opportunities as they arise,” Steve Dervenis, CEO of Blue Bridge, said. “We are pleased that institutional investors remain confident in the Blue Bridge platform.”
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
