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First Business Specialty Finance Closes $8MM in Credit Facilities for Snack Food Manufacturer

February 07, 2024, 07:00 AM

Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $8,000,000 revolving line of credit, equipment term loan, and equipment CapEx loan to a healthy snack food manufacturer in Wisconsin for restructuring.

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.

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