First Business Bank’s accounts receivable financing group funded an $18 million ledgered line facility for a federal government contractor that provides various services, such as call center operations, to several branches of the U.S. federal government.
“We were able to provide our new client with a flexible structure that went above and beyond what they were receiving from their prior lender,” Kristen Palmer, vice president – accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “We responded very quickly to this opportunity, issuing a proposal within a few days and then arranging an in-person meeting with our management team. In doing so, we were able to establish a nice working relationship with our client’s management team.”
