First Business Bank Funds $3 Million Factoring Facility For Eco-Friendly Bottled Water Company

MADISON, WI – July 23, 2024 – First Business Bank’s Accounts Receivable Financing group announces the funding of a $3 million factoring facility for an eco-friendly bottled water company. The packaging and bottling are designed to minimize detrimental effects to the environment.

“Our new client has a sound, socially responsible value proposition,” noted Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “We are happy to have the opportunity to fund a young, entrepreneurial company that is selling an environmentally friendly product.”

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