First Business Bank’s accounts receivable financing team funded a $7.5 million ledgered line facility for a Massachusetts-based company that performs in-store product audits for major consumer brands. The facility provides working capital to support the company’s continued growth.
“Our client chose us because we promised to move very quickly through our underwriting and documentation process,” Bill Elliott, president – accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “We were able to obtain formal internal approval and issue documents to the client eight days after receiving a signed proposal.”
