First Business Bank’s Asset-Based Lending Group Funds $18 Million Credit Facility
Mike Colloton, vice president II – asset-based lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $18 million revolving line of credit and equipment term loan for a plastic injection molding company in Wisconsin.
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. The financing assists these companies with a turnaround, a restructuring, to accommodate an acquisition, or if experiencing rapid growth.