First Business Capital closed a $7.5 million revolving line of credit facility for a Tennessee-based distributor of ceiling fans and lighting.
First Business Capital recently closed and funded a $5.9 million credit facility for a machine parts manufacturer in California.
Antonio Salas joined First Business Growth Funding, the accounts receivable financing division of First Business Capital, as vice president, Business Development.
First Business Capital completed a $3.346 million credit facility for a metal fabricator and a $7.0022 million facility for a plastic thermoformer.
First Business Capital closed and funded a $3.4 million credit facility for a private equity-backed transportation and storage business in the Pacific Northwest.
First Business Capital hired Gregg Simpson as vice president – Business Development. He has 40 years of experience in asset-based lending, working for both bank-owned and independent commercial finance companies.