First Business Bank’s accounts receivable financing group announces the funding of a $1 million factoring facility for a client that performs collections and equipment recovery services for major cable and satellite TV companies. The facility provides essential working capital to support the company’s specialized operations in the telecommunications recovery sector.
“First Business Bank is always looking to understand our clients’ needs and then to respond to them with an attractive deal structure,” Kristen Palmer, vice president – accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “We are excited about participating in our client’s future growth.”
