Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $8,000,000 revolving line of credit, equipment term loan, and equipment CapEx loan to a healthy snack food manufacturer in Wisconsin for restructuring.
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.