MADISON, WI – January 19, 2023 – First Business Bank announces that its Accounts Receivable Financing team recently funded a $10 million Accounts Receivable Ledgered Line facility to a client operating as a transportation brokerage.
“This transaction is an example of First Business Bank’s continuing commitment to the transportation sector,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We understand the challenges that the sector is presently facing, and we are actively structuring transactions to help our clients deal with these challenges."
The Accounts Receivable Financing team provides funding in amounts of $100,000 to $18,000,000 to companies seeking to improve cash flow and take advantage of every business opportunity.
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.