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First Business Bank’s Asset-Based Lending Group Funds $12MM Credit Facility

September 21, 2023, 07:00 AM
Filed Under: Oil & Gas

First Business Specialty Finance, a subsidiary of First Business Bank, recently closed and funded $12 million revolving line of credit, equipment term loan, and equipment CapEx line for an oilfield service company in Texas.

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 $18,000,000. Our financing assists these companies with a turnaround, a restructuring, to accommodate an acquisition, or if experiencing rapid growth.

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