FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


First Business Bank Closes $2MM Factoring Facility for Transportation Company

June 10, 2021, 07:00 AM
Filed Under: Transportation

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.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.