P3 Gets $1.8 Million Cash Infusion
-- Graphic Arts Online, 6/23/2008 9:33:00 AM
CHICAGO—Bridge Business Bancorp, an operating division of Bridge Finance Group, provided Post Press Productions, Inc. dba P3, Inc. ("P3") with a $1,800,000 SBA 7(a) term loan in order to refinance and consolidate debt and provide working capital. The term loan substantially reduced debt service requirements and will improve the Company's available cash flow.P3, which is headquartered in Elk Grove Village, IL, provides mailing, inserting, metering, stamping, laser printing and high-speed bagging and shrink wrapping. Customers include calendar, text book and children's book printers, as well as advertising agencies.
"Our experience with BBB has been outstanding. They were professional, responsive to our requests and understood our needs in such a manner that they have helped us take our business to the next level. In working with the staff of BBB I never had to ask twice, they completely understood what we were trying to achieve and helped us obtain our goal. BBB became a true partner, infused themselves into our company and had an overall concern for our needs," said Steven Olandese, President of Post Press Productions, Inc.
"P3 has a very dedicated ownership group who worked with us every step of the way. They made it easy for us to identify and evaluate their needs as well as execute the financing in the closing process. We are very happy to be a supporter of their company and look forward to a long-term relationship", said Matt Smith Director, Bridge Business Bancorp.
ABOUT BRIDGE BUSINESS BANCORP
Bridge Business Bancorp, an operating division of 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, Midwest and West Coast.
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