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Blue Bridge Financial Announces the Closing of $124.8 Million Inaugural ABS TransactionRESTON, Va., Jan. 16, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, closed its first asset-backed securitization in the amount of $124.8 million. Blue Bridge Funding 2023-1 includes four classes of notes and is backed by 2,156 secured loans. The transaction was significantly oversubscribed with 19 different investors participating.
Blue Bridge has funded more than $800 million to over 9,000 businesses in 30+ industries across the U.S., since inception. Blue Bridge originates through two channels; referrals from broker and other independent sales organizations (broker/ISO) and, more recently, directly to end users and vendors (vendor/direct)./p>
Truist Securities acted as the Company's Sole Structuring Agent and Sole Bookrunner on the transaction. About Blue Bridge Blue Bridge Financial, Inc. is an independent specialty finance company providing small and medium-sized businesses with secured loans and leading provider of commercial financing solutions for small business borrowers as well as manufacturers, vendors, and distributors of commercial equipment. The Company is headquartered in Reston, Virginia, with an additional office in Irvine, CA. To learn more about Blue Bridge, visit www.bluebridgefinancial.com . Contact:
SOURCE Blue Bridge Financial, LLC 
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