Let's Talk

First Business Factors Provides A $3.5mm Factoring Facility To A Wholesale Fishing Equipment Company

DES PLAINES, IL, – Jan. 14, 2014 – First Business Factors closed a $3.5MM factoring facility for a wholesale fishing equipment company based in Missouri.  The client needed additional capital to accommodate their annual seasonal build-up of inventory and sales.

“The client’s bank was at their lending limit. That bank contacted First Business Factors to formulate a plan to increase the client’s access to additional funds during their seasonal period,” states Gay Denny, Vice President of Business Development. “First Business felt the quickest path would be to carve out certain receivables to factor, which would free up their line. With the additional availability the client would be able to support their sales volume increase”.

Gail Heldke, Senior Vice President and Division Manager added, “We were the right lender for this situation because Factoring is our core focus. We were able to act quickly so there was no disruption to their business”.

First Business Factors is a division of First Business Capital Corp, an operating company of, First Business Financial Services, Inc. (NASDAQ: FBIZ).

About First Business Capital Corp. First Business provides asset-based lending and factoring solutions to small- to mid-market companies that have financing requirements of up to $10,000,000+, helping highly leveraged companies make critical business transitions. We offer unmatched personal service, flexibility,
and integrity.

For additional information, visit www.firstbusiness.com or call 608-232-5980.

About First Business
First Business Financial Services is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives and high net worth individuals. First Business offers commercial banking, specialty finance and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility and responsiveness. For additional information, visit www.firstbusiness.com.

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.

Contact Us ›

NOTICE

Access to Online Business 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:

• Wisconsin Region: 608-232-5938
• Kansas Region: 913-717-6464

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.