First Business Bank Funds $18 Million Ledgered Line Facility For Federal Government Contractor

MADISON, WI - January 21, 2025 - First Business Bank's Accounts Receivable Financing group announces 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."

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

About First Business Bank
First Business Bank^® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank's wholly owned subsidiary First Business Specialty Finance, LLC^®. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc^®. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank. Member FDIC