Small Business Development Group, Inc. (OTCPINK: SBDG) -- SBDG Signs $3.5M Term Sheet With Marquette Business Credit, Inc.
16 April 2014 - 5:05AM
Marketwired
Small Business Development Group, Inc. (OTCPINK: SBDG) -- SBDG
Signs $3.5M Term Sheet With Marquette Business Credit, Inc.
SAINT CLOUD, FL--(Marketwired - Apr 15, 2014) - Small Business
Development Group, Inc. (OTC Pink: SBDG) (PINKSHEETS:
SBDG) has announced that it has signed a term sheet for
$3,500,000 with Marquette Business Credit, Inc., an asset-based
lender, to fund the growth of Production Partners Chemical Inc.
This new credit facility is an increase of $2,000,000 over the
existing credit line, which is needed to fund the increase of
business. SBDG's investment banker, Avalon Net Worth, managed the
process over the last 60 days, interviewing and narrowing the list
of possible lenders.
Chief Financial Officer Doug Calaway said today, "We believe our
new relationship with Marquette will position us for
growth. Avalon's approach and its network of quality
asset-based lenders introduced us to a wide variety of qualified
lenders to select from. Our relationship with Avalon is
continuing to prove that we have the right partner to advance our
business strategy."
Forward-Looking Statements: This press release
contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of
Small Business Development Group, Inc. and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions
the occurrence of unanticipated events or changes to future
operating results.
About Production
Partners Chemical, Inc. Production Partners Chemical
Corporation is a California-based processor of formulated specialty
chemical systems to meet the needs of various industries.
About Small Business
Development Group, Inc. Small Business Development Group,
Inc. is a holding company acquiring companies for its own
portfolio, and is a strategic business solutions firm providing
services to companies requiring cutting-edge financial advice in
the area of corporate growth and exit strategies
About Marquette
Business Credit, Inc. Marquette Business Credit provides
Asset Based loans to middle market U.S. based companies with credit
requirements from $1-15 million.
About Avalon Net
Worth Avalon Net Worth and Avalon Securities, its FINRA and
SEC registered broker-dealer, provide a variety of investment
banking and advisory services to companies ranging from mid-market
private companies to Fortune 500 companies to early stage
firms.
For further information contact: Deb Sanderson IL Media
Management, Inc. Investor Relations d.sanderson@sbdgp.com (207)
209-2013 Randy Goekin First Vice President Marquette Business
Credit www.marquette.com tel. (949) 276-4218
Randy.Goeken@marquette.com Andrew Clapp Managing Director Avalon
Net Worth www.avalonnetworth.com tel. (617) 429-1809
aclapp@avalonnetworth.com
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