FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

First Business Bank Funds $10MM Factoring Facility to Transportation Brokerage

Date: Jan 20, 2023 @ 07:20 AM
Filed Under: Factoring News

First Business Bank announced its Accounts Receivable Financing team recently funded a $10 million Accounts Receivable Ledgered Line facility to a client operating as a transportation brokerage.

“This transaction is an example of First Business Bank’s continuing commitment to the transportation sector,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We understand the challenges that the sector is presently facing, and we are actively structuring transactions to help our clients deal with these challenges."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.