MADISON, WI – October 25, 2023 – Whitney Bouknight, Vice President – SBA Lending at First Business Bank, announces a recently closed and funded SBA 7(a) loan for a franchise business acquisition in the Southeastern United States.
The $879,000 SBA 7(a) loan to acquire a franchise spa location in North Carolina was secured by a seasoned industry expert. “Empowering a business owner to reach the next level so they enrich their own life and spread wellness in their community is profoundly fulfilling,” Bouknight said. “It's not just financing; SBA loans fuel dreams and create tangible impacts for years to come toward prosperity and success.”
An SBA-designated Preferred Lending Partner, First Business Bank’s Top 100 SBA Lending team provides efficient access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, and the International Trade Loan program. The team operates nationwide to assist businesses with various needs, such as commercial real estate purchases, tenant improvements, equipment, working capital, business startup costs, inventory, business acquisitions, and debt refinancing.
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.