First Business Bank recently closed and funded a $6.75 million revolving line of credit, equipment term loan and real estate term loan to fund the acquisition of a Pennsylvania company blending and packaging liquids. The transaction involved complex negotiations and a challenging real estate component.
“What made this deal particularly unique was navigating the lengthy negotiations and adapting to significant changes throughout the process,” Mike Colloton, vice president – asset-based lending at First Business Specialty Finance, said. “The deal structure evolved considerably over time, requiring us to work closely with both buyer and seller to quickly respond to due diligence findings and changing asset profiles. First Business Bank’s ability to handle the real estate component, which presented complications, ultimately helped bring this acquisition to completion.”
