Bridge Finance Group Provides a $7.0 Million Funding Package to Wafer Reclaim Services, LLC for the Acquisition of Montco Silicon Technologies

2008-08-19 08:50:00

    CHICAGO, Aug. 19 /EMWNews/ -- Bridge Finance Group announced the

completion of a $5.0 million revolving line of credit and a $2.0 million

term loan to Wafer Reclaim Services, LLC ("WRS"). The Company is

headquartered in San Jose, California. WRS is engaged in the business of

sorting, stripping, polishing, and cleaning used wafers for semiconductor

and solar manufacturers. WRS made use of the proceeds to acquire Montco

Silicon Technologies which greatly enhances the existing credit by adding

customer diversification, east coast operations and additional product

lines to WRS's existing business.



    "We were impressed with Bridge's understanding of the secondary

materials industry and found them very easy to work with. We appreciate

Bridge's continuing support as we drive growth in this challenging business

environment," said Richard Mee, President of WRS.



    Brian Bastedo, Associate of Bridge Finance Group stated, "Bridge's

flexibility allowed WRS to finance an acquisition that will enable it to

diversify its customer base, product lines, and geographical presence, all

leading to increased growth potential for the Company. We are excited to be

a part of their continued success and look forward to a long relationship

with WRS."



    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; 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. To learn more about Bridge

Finance Group, visit http://www.bridgefinancegroup.com.





Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions