Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $11,430,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a manufacturer making roof trusses and wall panels in Indiana.
The client required an expedited timeline to meet the seller’s deadline, and the transaction was completed in just 23 business days from start to finish, demonstrating our team’s ability to move quickly and efficiently to meet time-sensitive client needs.