First Business Bank Funds $1 Million Factoring Facility For New Jersey Silicone Recycling Company
MADISON, WI – October 15, 2026 – First Business Bank's Accounts Receivable Financing group announces the funding of a $1 million factoring facility for a New Jersey-based company in the silicone recycling industry. The new client selected the team based on competitive pricing and a direct, in-person conversation about the business's growth plans.
The facility replaces the company's prior merchant cash advance (MCA) financing with a factoring structure built to support ongoing growth and operational efficiency.
"We were pleased to partner with an innovative leader in the silicone recycling industry, and to help transition the company from high-cost MCA financing to a scalable $1 million receivables facility," said Kristen Palmer, Vice President – Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. "Providing them with a stronger financial foundation that can support growth, operational efficiency, and future opportunities."
First Business Bank's Accounts Receivable Financing team finances a broad range of businesses, from start-ups to companies with revenues of over $150 million, providing funding in amounts of $100,000 to $20,000,000 to companies seeking to improve cash flow and take advantage of every business opportunity. The team specializes in providing flexible factoring solutions that adapt to unique business models and growth patterns.
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