BROOKFIELD, WI – February 22, 2023 – First Business Bank’s SBA team announces it funded a $1,900,000 SBA 7(a) loan for a manufacturing company in Utah to buy a commercial building and relocate from its leased space with no down payment.
“The ability of the client to hold on to his cash and still purchase the building was a huge benefit for his business,” said Corbin Dangerfield, Vice President – SBA Lending. “He was able to acquire a long-term asset and keep the cash in his business to turn more product and increase sales.”
More about this commercial building purchase is outlined in a case study.
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, USDA Business & Industry, and the International Trade Loan program. The team specializes in businesses with less than $25 million in revenue and bring significant experience in franchise acquisition, e-commerce-based businesses, professional services, healthcare delivery, self-storage, owner-occupied real estate purchases, and more.
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.