First Business Bank’s accounts receivable financing team recently funded a $1 million factoring facility to support the growth of a staffing company serving the financial services industry.
The facility provides working capital to support the company’s continued expansion as it establishes and grows its presence in the United States while serving clients in the financial services sector.
“We are very excited to help our new client establish a foothold in the United States,” Kristen Palmer, vice president – accounts receivable financing at First Business Specialty Finance, a subsidiary of First Business Bank, said. “We were able to respond very quickly to our client’s request and devise an appropriate solution.”
