ArborCraft Gets $9 Million Line of Credit

 

Johnson City, TN, March 13, 2008--ArborCraft LLC has obtained a $9.0 million revolving line of credit from Bridge Finance Group.

ArborCraft LLC, headquartered in Johnson City, Tennessee, manufactures hardwood flooring and distributes its products through both wholesale and retail channels. The company was purchased by New Stream Capital on November 19, 2007.

Matt Galvez, CEO of ArborCraft, said, "Bridge Finance Group understood our business and the potential for expansion and responded quickly to our needs. ArborCraft is positioned with one of the strongest balance sheets in the industry today, positioning the company to grow its markets, support its customers, and develop new products for our customers. It's an exciting time for ArborCraft and Bridge Finance Group will be a compelling partner, helping us grow the business and provide the highest quality products to our customers."