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First Business Capital Completes Two ABL Deals Totaling $11MM

Date: Jul 23, 2020 @ 08:55 AM

First Business Capital Corp., a leading provider of asset-based lending solutions, announced two recently closed and funded asset-based lending deals.

Mike Colloton, Vice President – Business Development Officer, announced a closed and funded turnaround financing deal involving a $5,720,000 revolving line of credit facility and real estate term loan for a distributor of electric motors in Illinois.

Michael Doyle, Vice President – Business Development Officer, announced a closed and funded refinance deal involving a $6,080,000 revolving line of credit facility, equipment term loan, and real estate term loan for a manufacturer of coaxial cables in Mississippi.

First Business Capital Corp. is a part of First Business Financial Services, Inc.

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