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First Business Bank Announces Six Closed SBA Loans

MADISON, WIOCTOBER 27, 2020First Business Bank, a Small Business Administration (SBA) Preferred Lending Partner, announces six recently closed and funded SBA loans during the ongoing COVID-19 pandemic.

“As the economic recovery continues, we are pleased to be busy and capable of doing our part to help small and medium-sized businesses succeed,” says Marty Ferguson, Managing Director of SBA Lending. “Access to capital is critical right now as motivated, savvy business leaders are making moves to start businesses, acquire them, and expand their operations.”

Loans include:

  • $2,000,000 SBA 7(a) loan for commercial real estate for a boat storage business in California
  • $570,000 SBA 7(a) loan to purchase a delivery route in Texas
  • $941,000 SBA 7(a) loan for a franchise business in Wisconsin
  • $607,000 SBA 7(a) loan for a partner buyout in a neighborhood pharmacy in Texas
  • $1,252,000 SBA 7(a) loan to purchase a window repair and installation business in Kansas City
  • $775,000 SBA 7(a) and term out construction loan to an urgent care franchise business in Florida
  • About First Business Bank
    First Business Financial Services, Inc. (Nasdaq: FBIZ) is a bank holding company and parent of First Business Bank focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offers business banking, specialty finance, and private wealth management solutions, and, through its niche focus, provides clients with unmatched expertise, accessibility, and responsiveness.

NOTICE

Access to Online Private Banking is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as soon as possible. If you have questions, please contact us at: 855-257-4149.

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NOTICE

Access to our Remote Deposit Capture system is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as possible. If you have questions, please contact us at:

  1. Wisconsin Region: 608-232-5938
  2. Kansas Region: 913-717-6464

NOTICE

To protect clients and employees, we temporarily suspended courier service. For other deposit needs, please see your client email sent on 3/16/2020 for instructions regarding deposits at your local First Business Bank office.

To set up Mobile Banking, please contact our Treasury Management Support team at 608-232-5938. We will alert you when courier service is available again. Thank you.