Mike Colloton, Vice President, Asset-Based Lending at First Business Specialty Finance LLC, a subsidiary of First Business Bank, announced a recently closed and funded $11.43 million revolving line of credit, equipment term loan and real estate term loan to fund the acquisition of a manufacturer making roof trusses and wall panels in Indiana.

The client required an expedited timeline to meet the seller’s deadline, and the transaction was completed in just 23 business days from start to finish, demonstrating the team’s ability to move quickly and efficiently to meet time-sensitive client needs.

First Business Bank’s Asset-Based Lending team provides asset-based loans nationwide to businesses in transition with sales from $10 million to $100 million+ and financing requirements of up to $24 million. The bank's financing assists companies with lending solutions to accomplish turnarounds, restructurings, business acquisitions, assist with rapid growth and more.