First Business Bank Closes $4 Million Factoring and Inventory Finance Facility to Home Products Distributor
MADISON, WI – April 21, 2021 – First Business Bank announces the closing of a $4 million factoring and inventory finance facility by its Accounts Receivable Financing group.
The client is a distributor of outdoor home products, selling directly to home improvement retailers as well as directly to consumers through an e-commerce site.
“We are pleased to have been able to structure a facility that addresses all of this client’s projected working capital needs,” said Bill Elliott, President – Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are always exploring creative deal structures to provide the necessary solutions for our clients.”
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.