MADISON, WI – February 7, 2024 – Yoon Saechao, Vice President – SBA Lending at First Business Bank, announces a recently closed and funded SBA 504 loan for a dental practice in California.

The $1,800,000 SBA 504 loan funds the dental practice’s purchase of commercial real estate for relocation. 

“We are thrilled to start off 2024 helping our dental practice client purchase a new building with an SBA 504 loan that will be customized for their patients," said Yoon Saechao, Vice President – SBA Lending at First Business Bank. "The lower down payment requirement and attractive long-term fixed interest rate make 504 loans ideal for commercial real estate projects. This financing will give the practice room to grow their patient base and continue providing quality oral healthcare to the community for years to come. We appreciate the opportunity to support their vision and expansion through the SBA 504 loan program.”

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, and the International Trade Loan program. The team operates nationwide to assist businesses with various needs, such as commercial real estate purchases, tenant improvements, equipment, working capital, business startup costs, inventory, business acquisitions, and debt refinancing. 

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 Member FDIC