First Business Growth Funding closed a $1.5 million accounts receivable purchase facility for a former client – a wholesaler of computer equipment and office accessories.
Several years ago, this company exited its factoring relationship with First Business when it received bank financing in its local market. Recently, its banking relationship was negatively affected during a bank acquisition. It turned back to First Business for help. First Business was able to underwrite and close the facility quickly with little disruption to the client’s operations.
“We are honored that this client is once again entrusting their financing needs to First Business Growth Funding,” said First Business Growth Funding President Bill Elliott. “Their decision to return to us is a clear statement about our client focus, flexibility, and service capabilities.”
