First Business Bank’s accounts receivable financing group funded a $2.5 million factoring facility for a contractor in Virginia that serves the U.S. Federal Government and its prime contractors.
“First Business Bank took the time to understand the client’s needs and to then structure an appropriate facility that will pave the way for future growth,” Kristen Palmer, vice president – accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “We always seek to understand our clients before offering solutions.”
