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First Business Bank Funds $10MM Factoring Facility to Transportation Brokerage

January 20, 2023, 07:20 AM
Filed Under: Factoring News

First Business Bank announced its Accounts Receivable Financing team recently funded a $10 million Accounts Receivable Ledgered Line facility to a client operating as a transportation brokerage.

“This transaction is an example of First Business Bank’s continuing commitment to the transportation sector,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We understand the challenges that the sector is presently facing, and we are actively structuring transactions to help our clients deal with these challenges."

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