MADISON, WI – September 12, 2023 – Ryan Black, Vice President II – SBA Lending at First Business Bank, announces a recently closed and funded $4,900,000 SBA 7(a) loan for a woman-owned business to buy an eight-restaurant group in the Seattle, WA, metro.
“Our client, a food industry veteran, had the opportunity to buy eight restaurants that have decades of operating history in the Seattle area,” said Black. “Not only that, but the restaurants also have a loyal following — the kind of places where some people eat breakfast four or five times a week. While the restaurant industry is typically more difficult, we were very comfortable with this deal because of our client’s management experience, her drive to succeed and business acumen, and the restaurants’ consistent track record.”
With many SBA Lending options available, our client selected First Business Bank based on its nationwide reputation for lending creativity, flexibility, and unmatched client service.
“I was fortunate to fly to Milwaukee to meet with Ryan and First Business Bank’s leadership team,” she said. “I knew immediately I was dealing with professional, experienced lenders who have my back. They were genuinely interested in my plans for the company and I’m very pleased with how smoothly the approval process went.”
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 firstbusiness.bank.