Business News

Bridge Finance Group Provides a $14.0 Million Facility to Hill Enterprises, Inc.

2008-07-15 08:30:00

    CHICAGO, July 15 /EMWNews/ -- Bridge Finance Group ("Bridge")

announced the completion of a $14.0 million revolving line of credit to

Hill Enterprises, Inc. and Subsidiaries ("Hill" or the "Company") on July

9, 2008. Bridge acts as Agent on the transaction, with U.S. Bank serving as

co-lender in the facility. The Company, founded in 1982, is a large-scale

bulk oil, lubricant and fuel distributor serving customers in Colorado and

five adjacent states. Hill is headquartered in Arvada, Colorado. The

funding facilitated the acquisition of Cox Oil Company and will transition

Hill into one of the industry leaders. Hill will now be able to offer

additional and enhanced services from northern Colorado to southern


    "The funding of this facility had to be completed in less than four

weeks and Bridge was able to meet the tight timeline through focused

efforts of the entire organization," said Troy Hill, President and Chief

Executive Officer of Hill. "Bridge worked tirelessly through weekends and

late into nights in an effort to fully understand our business and deliver

a creative financing option that was presented to us less than a month


    "The financing will allow Hill to broaden its market in and around the

state of Colorado via the acquisition of Cox Oil Company," said Randy

Abrahams, President and Chief Executive Officer of Bridge Finance Group.

"Our facility will provide the Company with enough liquidity to fulfill its

growth plans."


    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; and 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. For more information about

Bridge Finance Group, visit

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