First Business Growth Funding Announces $8.5 Million Closed Deal
MADISON, WI – MAY 2, 2019 – First Business Growth Funding, the accounts receivable financing arm of First Business Financial Services, Inc., today announced the closing of an $8.5 million ledgered line facility for a major commercial bakery.
First Business Growth Funding completed the financing transaction within weeks after another firm failed to close in a timely manner. The accounts receivable financing agreement helps position this client, a multi-generational, family-owned business, for future growth.
“We’re excited about the opportunity to provide financing to this long-running, family-owned business,” says First Business Growth Funding President Bill Elliott. “Our ability to pick up the pieces and close the transaction quickly is a testament to our team’s creativity and dedication. Our experts went above and beyond by providing training required to support this client and, ultimately, set the stage for a successful relationship going forward.”
First Business Growth Funding provides accounts receivable financing solutions to service providers, importers, and manufacturers of all sizes throughout the United States with transactions ranging from $100,000 to $10 million.
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.