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Resource Center›Case Study

Fast Asset-Based Lending To Acquire Manufacturing Business & Real Estate

Asset-Based Lending Case Study Business Banking Solutions Asset-Based Lending

The Situation: Tight Financing Deadline for Manufacturing Business Acquisition

A group of experienced manufacturing professionals saw a promising opportunity and moved quickly to acquire a roof truss and wall panel manufacturing company in Indiana. The deal made strategic sense, but the seller’s stipulations introduced several challenges:

Short timeline to secure acquisition financing and close the deal
Real estate and equipment involved, adding complexity to underwriting
Need for a lender with speed and experience in structuring multi-component asset-based lending

The Solution: Asset-Based Lending Credit Facility From First Business Bank

First Business Bank’s Asset-Based Lending team structured and funded an $11.4 million credit facility to meet the client’s needs and timeline:

Closed the transaction in 23 business days from proposal to funding — one of the fastest in the team’s history
Provided an $11.4 million revolving line of credit, equipment term loan, and real estate term loan to support the acquisition and working capital needs
Delivered responsive, experienced guidance through a smooth and efficient closing process, helping the client meet the seller’s deadline

"From the beginning, it was clear the buyers were aligned, prepared, and focused — they just needed a lender who could keep up. This was one of the fastest closings I’ve seen in my career involving both real estate and multiple lending components. Our team did outstanding work to make it happen, and our clients are thrilled with how smoothly and quickly we closed the deal, given the seller’s tight timeline."

Mike Colloton

Vice President – Asset-Based Lending , First Business Specialty Finance, LLC, subsidiary of First Business Bank

Featured Experts

Vice President - Asset-Based Lending of First Business Specialty Finance, LLC

Mike Colloton is responsible for new business development within our Asset-Based Lending group, and is located at our Brookfield, Wisconsin office. He has 30+ years of Asset-Based Lending experience, which includes four years at Bank One Commercial Finance and seven years at Wells Fargo Business Credit.

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