First Business Bank announced the closing of a $2 million factoring facility by its Accounts Receivable Financing group.
The client provides consulting services in the telecommunication sector and is experiencing rapid growth due to the telecom sector’s expansion of 5G services.
“We are excited to work with this client as they help pave the way for future telecommunications offerings,” said Bill Elliott, President – Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are always focused on helping companies to expand in high-growth sectors.”