First Business Bank’s Asset-Based Lending team announced a recently closed and funded $6,850,000 revolving line of credit, CapEx equipment line of credit, and real estate term loan to fund the refinance of a Texas manufacturer of precision-machined metal parts.

“We're pleased to provide this refinancing solution for a well-established manufacturer in the precision machinery sector, said Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “This facility positions the company for continued growth and gives them the financial flexibility to capitalize on future opportunities."

"This transaction demonstrates our commitment to expanding our Asset-Based Lending capabilities as we continue to grow our ABL team, said Steve Bishop, President – Asset-Based Lending. “We're pleased to support companies during critical transition periods and help businesses navigate these pivotal moments to achieve their growth objectives."