First Business Bank Funds $10MM Facility to Transportation Broker

The accounts receivable financing team at First Business Bank funded a $10 million accounts receivable ledgered line facility to a client operating as a transportation brokerage.

“This transaction is an example of First Business Bank’s continuing commitment to the transportation sector,” Bill Elliott, president of accounts receivable financing at First Business specialty finance, said. “We understand the challenges that the sector is presently facing, and we are actively structuring transactions to help our clients deal with these challenges.”