First Business Bank Funds $2 Million Factoring Facility For Facility Services Provider
August 29, 2024
First Business Bank's Accounts Receivable Financing group announces the funding of a $2 million factoring facility for a facility services provider. The new client provides various maintenance services for corporate clientele.
“We are pleased to be able to support our new client as they continue on their growth track,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “In our underwriting process, we took the time to understand their billing practices and we addressed any risks posed by such practices. This will allow us to fund in a consistent manner.”
The Accounts Receivable Financing team finances a broad range of businesses, from start-ups to companies with revenues of over $100 million.
About First Business Bank
First Business Bank® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC®. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc®. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.