ATB Expands Credit For Business & Agriculture By $100 Million

CALGARY, May 22, 2012 /CNW/ - ATB Financial today announces the arrival of the ATB Alberta Business Growth Fund, a significant commitment to businesses and their innovative leadership in our province.

"We're making this $100 million growth fund available to Alberta businesses that have a proven track record of success and a strong management team eager to grow the opportunities in front of them right here and right now," says Wellington Holbrook, ATB's Executive Vice President of Business & Agriculture.

The goal of the fund is to support mid-sized companies whose owners aim to acquire assets without depleting their working capital, and who may need more than traditional forms of financing. Loans up to $1 million per client will be made available.

"We're committed to building the lasting relationships Alberta businesses are after," Wellington says. "But we're equally focused on delivering world-class solutions, and this growth fund hits both those targets."

Who might be most interested? Those in owner-occupied real estate, machinery and equipment, and those considering acquisitions, expansions, or management buyouts, Wellington says.

Wellington will introduce the ATB Alberta Business Growth Fund in Calgary on Wednesday, May 23, during Calgary Economic Development's annual Report to the Community. The event happens from 11 am to 1:30 pm at the Calgary TELUS Convention Centre. If you think those who rely on you for news want to know more about the ATB Alberta Business Growth Fund, contact us and we'll get you in touch with Wellington before, during or after the Calgary announcement, in person or by phone.

Thanks for considering sharing what we think is some pretty exciting news.

For more information and to schedule an interview with Wellington, contact:

Michael Ulrich, Senior Manager, Communications
ATB Business & Agriculture
403 818 1102
[e-mail]