MADISON, WI – April 20, 2022 – First Business Bank announces the funding of a $4.5 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client is a successful transportation company facing growth challenges. This facility will support the client’s continued growth.
“This facility is an example of our rapidly expanding portfolio in the transportation sector,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are committed to helping address the needs of brokers, carriers, logistics warehouses, and freight forwarders."
The Accounts Receivable Financing team provides funding in amounts of $100,000 to $15,000,000 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.