First Business Bank's Accounts Receivable Financing group announced the funding of a $2 million factoring facility for a facility services provider. This new client provides various maintenance services for corporate clientele.

“We are pleased to be able to support our new client as they continue on their growth track,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “In our underwriting process, we took the time to understand their billing practices and we addressed any risks posed by such practices. This will allow us to fund in a consistent manner.”

The Accounts Receivable Financing team finances a broad range of businesses, from start-ups to companies with revenues of over $100 million.