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First Business Bank’s ABL Group Funds $7MM Credit Facility for Auto Die Manufacturer

Date: May 11, 2022 @ 07:39 AM
Filed Under: Manufacturing

Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $7 million revolving credit facility for an auto industry die manufacturer seeking to refinance.

The Asset-Based Lending team provides asset-based loans to businesses in transition with sales from $10,000,000 to $100,000,000+ and financing requirements of up to $16,000,000. This financing assists these companies with a turnaround, a restructuring, to accommodate an acquisition, or if experiencing rapid growth.

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