The accounts receivable financing team at First Business Bank funded a $5 million accounts receivable factoring facility for a company that generates sales leads for other businesses. The client uses a combination of direct calling aided by artificial intelligence to maximize output for its clients.
“First Business Bank is very comfortable funding various types of IT-related transactions,” Bill Elliott, president of accounts receivable financing at First Business Specialty Finance, said. “Each of these transactions can be somewhat unique. We take time to understand exactly how the client’s business operates, identify the risks and structure suitable mitigants.”
