First Business Specialty Finance announced a recently closed and funded $8,400,000 revolving line of credit facility, real estate term loan, and equipment term loan for a manufacturer/distributor of restaurant equipment in Ohio.
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.