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.
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