First Business Bank’s accounts receivable financing team funded a $500,000 factoring facility for a Texas-based agriculture and horticulture company. The factoring facility improves cash flow by accelerating access to funds tied up in receivables, allowing the company to maintain operational flexibility as demand for its products continues to grow.
“We are excited to welcome this new client and expand into the environmental space,” Kristen Palmer, vice president – business development at First Business Specialty Finance, a subsidiary of First Business Bank, said. “It’s rewarding to support companies making an impact in this area.”
