First Business Capital Corp. Announces $4,990,000 Closed Asset-Based Lending Deal for Turnaround
MADISON, WI — December 16, 2020 – First Business Capital Corp., a leading provider of asset-based lending solutions, announced a recently closed and funded asset-based lending deal.
Mike Colloton, Vice President – Business Development Officer, announced a closed and funded turnaround financing deal involving a $4,990,000 revolving line of credit facility, a real estate term loan, and an equipment term loan for a plastic injection molding business in Michigan.
About First Business Capital Corp.
First Business Capital Corp. is a bank-owned specialty lender providing asset-based loans to privately held businesses with sales from $10,000,000 to $100,000,000+ and financing requirements of up to $16,000,000. First Business Capital Corp. provides funding to companies in transition to accomplish a turnaround, restructuring, acquisition, recapitalization, or rapid growth opportunity.
About First Business
First Business Financial Services, Inc. (Nasdaq: FBIZ) is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offers business banking, specialty finance, and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility, and responsiveness.