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Article: Bridge Finance Group Provides a $13.5 Million Funding Package to Innatech, LLC.
- Article from:
- PR Newswire
- Article date:
- April 29, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, April 29 /PRNewswire/ -- Bridge Finance Group announced the completion of an $8.0 million revolving line of credit and a $5.5 million term loan to Innatech, LLC to refinance their existing lender and provide substantial working capital. The company, headquartered in Michigan, is a producer of plastic injection molded components for the transportation and industrial end markets. The company operates two production facilities located in Richmond, IN and Lebanon, OH.
Bill McCardell, of Innatech explained, "Having started very small eight years ago, competing with and supplying large multinational companies in a capital intensive industry, Innatech has now ...