First Business Announces Record Factoring Growth in 2019
MADISON, WIS. — February 6, 2020 – First Business Growth Funding reports a 103% increase in 2019 factoring volume over the prior year with a corresponding 85% increase in gross revenues. The group attributes the exponential growth to increased marketing activity, flexible transaction structuring, and superior client service.
“Our talented group of people certainly helps drive our results through their hard work and dedication,” said Bill Elliott, President of First Business Growth Funding. “We are very grateful to clients who choose us as their financing source. We work every day to justify the trust they place in us.”
First Business Growth Funding, accounts receivable financing arm of First Business Financial Services, Inc., provides factoring 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 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.