First Business Bank Closes $2MM Factoring Facility to Telecom Consulting Firm

First Business Bank’s accounts receivable financing group closed a $2 million factoring facility for a client that provides consulting services in the telecommunication sector and is experiencing growth due to the expansion of 5G services.

“We are excited to work with this client as they help pave the way for future telecommunications offerings,” Bill Elliott, president of accounts receivable financing at First Business Specialty Finance, said. “We are always focused on helping companies to expand in high-growth sectors.”

First Business Bank specializes in business banking, including commercial banking and specialty finance, private wealth and bank consulting services. Specialty finance solutions are delivered through First Business Bank’s wholly-owned subsidiary, First Business Specialty Finance.