First Business Bank closed a $2 million factoring facility by its Accounts Receivable Financing group.

The client, which provides transportation services across the Midwest, previously was a client within First Business Bank’s Asset-Based Lending team and then moved on with another lender. During that time, they maintained a relationship with First Business Bank, and when they had to find a new lender, they returned.

“The relationship that First Business Bank established with this company transcended their subsequent borrowing relationship,” said Bill Elliott, President – Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are excited that they have returned to us and that our factoring facility is able to address their business needs.”