Contact:
Jen Braico
First Business Financial Services, Inc.
608-239-9271
jbraico@firstbusiness.com
MADISON, WI — MAY 2, 2019 – First Business Growth Funding, the accounts receivable financing arm of First Business Financial Services, Inc., today announced the closing of an $8.5 million ledgered line facility for a major commercial bakery.
First Business Growth Funding completed the financing transaction within weeks after another firm failed to close in a timely manner. The accounts receivable financing agreement helps position this client, a multi-generational family owned business, for future growth.
“We’re excited about the opportunity to provide financing to this long-running, family-owned business,” says First Business Growth Funding President Bill Elliott. “Our ability to pick up the pieces and close the transaction quickly is a testament to our team’s creativity and dedication. Our experts went above and beyond by providing training required to support this client and, ultimately, set the stage for a successful relationship going forward.”
About First Business
First Business Growth Funding provides accounts receivable financing solutions to service providers, importers, and manufacturers of all sizes throughout the United States with transactions ranging from $100,000 to $10 million.
First Business Financial Services, Inc. (Nasdaq: FBIZ), parent of First Business Growth Funding, is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives, and high net worth individuals. First Business offersbusiness banking, specialty finance, and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility, and responsiveness.
Member FDIC, First Business’ corporate headquarters are at 401 Charmany Drive in Madison, WI. For additional information, visit www.firstbusiness.com or call 608-238-8008. The First Business logo is available at http://www.firstbusiness.com/
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