BROOKFIELD, WI – March 15, 2023 – First Business Bank’s SBA team announces it funded a $2,790,000 SBA 7(a) loan for a general manager to purchase two businesses in Maryland he had managed for the past several years.
“After seeing how successful this client has been as General Manager of the business, it was great to help make it possible for him to continue this success as the owner of the business,” said Maria Randall, Vice President – SBA Lending at First Business Bank. “The expertise of our SBA Lending team proved invaluable in navigating the process of acquiring two businesses, while ensuring a positive experience for the client. I’m proud to have been a part of making his business ownership dream come true!”
More about this SBA 7(a) loan to purchase two businesses is outlined in a case study.
An SBA-designated Preferred Lending Partner, First Business Bank’s Top 100 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, e-commerce-based businesses, professional services, healthcare 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.