TSL Express Daily News
The Secured Lender
SFNet's Women in Secured Finance Issue
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March 25, 2025
Source: First Business Bank
MADISON, WI – March 25, 2025 – First Business Bank’s Accounts Receivable Financing group announces the funding of a $7.5 million factoring facility for a manufacturer of outdoor lighting products in the midst of a turnaround.
“Our new client has faced significant challenges in recent years, resulting in defaults with its prior lender,” said Kristen Palmer, Vice President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We took the time to understand the company’s difficulties, gain a level of comfort about the success of their turnaround efforts, and structure a facility that provides them with the greatest chance of success going forward.”
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. Member FDIC