MADISON, WI, March 25, 2025 – First Business Bank‘s Accounts Receivable Financing group announces the funding of a $7.5 million factoring facility for a manufacturer of outdoor lighting products in the midst of a turnaround.
“Our new client has faced significant challenges in recent years, resulting in defaults with its prior lender,” said Kristen Palmer, Vice President – Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We took the time to understand the company’s difficulties, gain a level of comfort about the success of their turnaround efforts, and structure a facility that provides them with the greatest chance of success going forward.”
The Accounts Receivable Financing team finances a broad range of businesses, from start-ups to companies with revenues of over $100 million.
