First Business Financial Services : Bank Funds $1.42 Million SBA 7(a) Loan For Wisconsin Manufacturer To Buy Real Estate & Refinance Debt
January 22, 2023 at 05:41 am IST
Share
BROOKFIELD, WI - January 23, 2023 - First Business Bank's SBA team announces it funded a $1,420,000 SBA 7(a) loan for a Wisconsin manufacturing company to purchase real estate and consolidate debt.
"This loan really felt good to get done," said Ryan Black, Vice President II - SBA Lending. "The loan structure gives the borrowers tens of thousands of dollars in annual cash flow savings while also allowing them to buy their real estate. As clients often can expect from the First Business Bank SBA team, we met the closing date and have a satisfied client poised for future success."
More about this real estate purchase and debt refinance is outlined in a case study.
An SBA-designated Preferred Lending Partner, First Business Bank's SBA Lending team provides efficient access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, USDA Business & Industry, and the International Trade Loan program. The team specializes in businesses with less than $25 million in revenue and bring significant experience in franchise acquisition, Fed-Ex route funding, e-commerce-based businesses, professional services, healthcare delivery, self-storage, owner-occupied real estate purchases, and more.
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.
First Business Financial Services Inc. published this content on 23 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2023 00:10:02 UTC.
First Business Financial Services, Inc. is a bank holding company. The Company is engaged in the commercial banking business through its bank subsidiary, First Business Bank (the Bank). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Its products and services are focused on business banking, private wealth, and bank consulting. It offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, small business administration (SBA) lending and servicing, treasury management solutions, and company retirement services. Its private wealth management services include trust and estate administration, financial planning, investment management, and private banking.
FIRST BUSINESS FINANCIAL SERVICES, INC. 
