The First Business Capital board of directors elected Peter Lowney president of the company.
An 18-year veteran of First Business, Lowney most recently served as chief operating officer and senior vice president. He has more than 30 years of banking and asset-based lending experience, including 12 years in asset-based lending with Wells Fargo Business Credit.
First Business Capital is a bank-owned specialty lender providing asset-based loans and factoring services to privately held businesses with revenues of up to $75 million and financing requirements of up to $10 million.
