First Business Bank’s accounts receivable financing group closed a $4 million factoring and inventory finance facility for a distributor of outdoor home products that sells directly to home improvement retailers and to consumers through an e-commerce site.
“We are pleased to have been able to structure a facility that addresses all of this client’s projected working capital needs,” Bill Elliott, president of accounts receivable financing at First Business Specialty Finance, said. “We are always exploring creative deal structures to provide the necessary solutions for our clients.”
