First Business Capital Corp. Announces Two Closed Asset-Based Lending Deals Totaling $11,800,000
MADISON, WI — July 22, 2020 – First Business Capital Corp., a leading provider of asset-based lending solutions, announced two recently closed and funded asset-based lending deals.
Mike Colloton, Vice President – Business Development Officer, announced a closed and funded turnaround financing deal involving a $5,720,000 revolving line of credit facility and real estate term loan for a distributor of electric motors in Illinois.
Michael Doyle, Vice President – Business Development Officer, announced a closed and funded refinance deal involving a $6,080,000 revolving line of credit facility, equipment term loan, and real estate term loan for a manufacturer of coaxial cables in Mississippi.
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 $12,000,000. First Business Capital Corp. provides funding to companies in transition to accomplish a turnaround, restructuring, acquisition, recapitalization, or rapid growth opportunity.
About First Business Bank
First Business Financial Services, Inc. (Nasdaq: FBIZ) is a bank holding company and parent of First Business Bank 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, through its niche focus, provides clients with unmatched expertise, accessibility, and responsiveness.