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Webster Business Credit Provides $10MM Credit Facility to Bachmann Industries

March 26, 2015, 07:52 AM
Filed Under: Specialty Industries

Webster Business Credit Corp. has provided a $10MM revolving line of credit to Bachmann Industries.  Bachmann is located in Philadelphia, PA and was founded in 1833.  Originally producing high end accessories, it has over the years diversified into ready-to-run model train sets, locomotives, tracks and other accessories.  Proceeds will be used to refinance their current lender and to provide working capital.

Webster Financial Corporation is the holding company for Webster Bank, N.A. With $22 billion in assets, Webster provides business and consumer banking, mortgages, private banking, trust and investment services through 164 banking offices; 313 ATMs; telephone banking; mobile banking; and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank.

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