MADISON, WI – February 18, 2021 – First Business Bank announces the closing of a $2 million factoring facility by its Accounts Receivable Financing group.
The client provides consulting services in the telecommunication sector and is experiencing rapid growth due to the telecom sector’s expansion of 5G services.
“We are excited to work with this client as they help pave the way for future telecommunications offerings,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are always focused on helping companies to expand in high-growth sectors.”
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.