Blue Bridge Financial closed a three-year extension of its $10 million corporate notes provided by a U.S.-based insurance company. The transaction was rated by a statistical ratings organization and the notes rating was reaffirmed at BBB in July 2020.

“We are pleased to announce this extension of our corporate notes, which evidences — along with our three credit facilities — our access to multiple channels of capital and enables us to further provide needed funding to small businesses nationwide as they get back to business during the pandemic and beyond,” Steve Dervenis, president and CEO of Blue Bridge Financial, said. “The notes, from a leading institutional financing partner, are further validation of the strength of our team, our track record of success and the robust platform that Blue Bridge has built.”

Brean Capital served as Blue Bridge Financial’s exclusive advisor and placement agent for the notes.

Blue Bridge Financial is a specialty finance company and provider of commercial financing solutions for small business borrowers as well as manufacturers, vendors and distributors of commercial equipment and inventory.