April 7, 2010 (FinancialWire) — Green Bridge Industries, Inc. (OTC: GRBG) said it has secured $400,000 in accounts receivable financing.

According to Green Bridge, the initial financing agreement will enable it to borrow up to $400,000 against the company's accounts receivables. It said that the agreement is effective for an initial term of 12 months and the agreement may be renewed for successive 12 month periods, subject to satisfaction of certain conditions.

The company added that the proceeds will provide immediate cash flow to accelerate business growth through acquisitions and insulate operations from lengthening customer payment cycles.

New Jersey-based Green Bridge Industries offers non-toxic cleaning products to fit the sanitation needs of the medical, agricultural, military, and retail markets.

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