MADISON, WI – December 6, 2023 – Yoon Saechao, Vice President – SBA Lending at First Business Bank, announces a recently closed and funded SBA 7(a) loan for a new veterinary hospital in California.

The $2,959,000 SBA 7(a) loan funds a new veterinary hospital launched by experienced veterinary professionals. “This is a great example of how SBA 7(a) loans can help startup businesses,” Saechao said. “This SBA 7(a) loan provides the necessary capital for the new veterinary hospital to lease a facility, purchase equipment, and cover working capital needs. The borrowers are experienced veterinarians who have a strong business plan and a passion for animal care. We are proud to partner with them to support their entrepreneurial vision.”

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