SAINT CLOUD, FL – April 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."
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:
IL Media Management, Inc.
First Vice President
Marquette Business Credit
tel. (949) 276-4218
Avalon Net Worth
tel. (617) 429-1809
SOURCE: Small Business Development Group, Inc.