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First Business Bank’s ABL Group Funds $11MM Credit Facility for Refinance

August 07, 2023, 07:10 AM
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Topic: Industry News

Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $11 million revolving line of credit, equipment term loan, and equipment CapEx line for an aviation/industrial/auto precision manufacturer in Illinois.

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. Our financing assists these companies with a turnaround, a restructuring, to accommodate an acquisition, or if experiencing rapid growth.

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