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First Business Bank Asset-Based Lending Group Funds $5.5MM Credit Facility, Equipment Loan

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Date: Sep 20, 2022 @ 07:07 AM
Filed Under: Industry News

Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $5.5 million revolving line of credit and equipment term loan for a contract drilling services company seeking to refinance.

The Asset-Based Lending team provides asset-based loans to businesses in transition with sales from $10,000,000 to $100,000,000+ and financing requirements of up to $18,000,000. Its financing assists these companies with a turnaround, a restructuring, to accommodate an acquisition, or if experiencing rapid growth.



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