The asset-based lending team at First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded an $8 million revolving line of credit, equipment term loan and a capital expenditure equipment loan for a healthy snack food manufacturer in Wisconsin to support a restructuring.
First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded a $10 million revolving line of credit and equipment term loan for the acquisition of an automotive testing services company in Colorado.
First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded a $12 million revolving line of credit, equipment term loan and equipment capex line for an oilfield services company in Texas.
First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded an $11 million revolving line of credit for the acquisition of a distributor of pipes, valves and fittings in Missouri.
First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded a $7 million revolving line of credit, equipment term loan and real estate term loan for a tempered glass product manufacturer in Tennessee.
First Business Specialty Finance, a subsidiary of First Business Bank, closed and funded $16 million revolving line of credit and equipment term loan for a metal fabrication company in Indiana.
First Business Specialty Finance, a subsidiary of First Business Bank, added Teresa Aboujouda, Ator Awdish, Eddie Miranda, Mike Rouse and Paige Runyard to its accounts receivable financing group.
First Business Specialty Finance closed and funded a $7 million revolving credit facility for an auto industry die manufacturer seeking to refinance.
First Business Bank’s accounts receivable financing group funded a $3 million accounts receivable factoring facility for a waste management company.
Chris McCarty rejoined First Business Bank as vice president of asset-based lending. McCarty has an accounting and credit analysis background, which he has leveraged over the past 15 years to help clients solve cash flow and funding issues.