First Business Bank’s accounts receivable financing group funded a $2 million factoring facility for a facility services provider that provides various maintenance services for corporate clientele.
“We are pleased to be able to support our new client as they continue on their growth track,” Bill Elliott, president, accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “In our underwriting process, we took the time to understand their billing practices and we addressed any risks posed by such practices. This will allow us to fund in a consistent manner.”
