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First Business Bank Closes $9MM Facility for Musical Instrument Service Company

Date: May 14, 2021 @ 07:09 AM
Filed Under: Specialty Industries

Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $9 million revolving line of credit facility and real estate term loan for a musical instrument sales and service company in Michigan.

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 $16,000,000. The financing assists these companies with a turnaround, restructuring, acquisition, recapitalization, or rapid growth opportunity.

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