BROOKFIELD, WI – September 27, 2022 – First Business Bank’s SBA team announces it funded a $1.6 million 7(a) for an acquisition of a software as a service (SaaS) digital marketing company serving health care clinics nationwide.
“Our buyer has the right experience to successfully run this business, so I’m very glad First Business Bank’s SBA team was able to help them purchase it,” said Marty Ferguson, Managing Director – SBA Lending. “Our team pulled together to get the right information in place quickly to deliver on exactly what the buyer proposed when they needed it.”
More about this business acquisition, including hurdles and solutions, is outlined in a case study.
An SBA-designated Preferred Lending Partner, First Business Bank’s SBA Lending team provides efficient access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, USDA Business & Industry, and the International Trade Loan program. The team specializes in businesses with less than $25 million in revenue and bring significant experience in franchise acquisition, Fed-Ex route funding, e-commerce-based businesses, professional services, health care delivery, self-storage, owner-occupied real estate purchases, and more.
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.