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.