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Home News

First Business Closes Two ABL Deals Totaling $17MM

bynadine
October 25, 2019
in News

First Business Capital closed two transactions totaling $17 million for companies located in Oregon and Utah.

First Business completed a $12 million revolving line of credit facility and real estate term loan for a home and bath storage products distributor in Oregon.

The company also funded a $5 million revolving line of credit facility for a LED lighting products distributor in Utah.

Wisconsin-based First Business Capital is a bank-owned specialty lender providing asset-based loans to privately held businesses with sales from $10 million to more than $100 million and financing requirements of up to $12 million.

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