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First Business Bank ABL Closes $16MM Credit Facility for Musical Instrument Retailer

April 13, 2021, 05:24 AM
Filed Under: Retail

Pete Lowney, President, Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $16 million revolving line of credit facility for a musical instrument retailer in Minnesota.

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. The financing assists these companies with a turnaround, restructuring, acquisition, recapitalization, or rapid growth opportunity.

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