First Business Bank’s Accounts Receivable Financing group announced the funding of an $18 million ledgered line facility for a federal government contractor. The new client provides various services, such as call center operations, to several branches of the U.S. federal government.

“We were able to provide our new client with a flexible structure that went above and beyond what they were receiving from their prior lender,” said Kristen Palmer, Vice President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We responded very quickly to this opportunity, issuing a proposal within a few days and then arranging an in-person meeting with our management team. In doing so, we were able to establish a nice working relationship with our client’s management team.”