First Business Bank Provides $4.5MM A/R Factoring Facility to Transportation Company

First Business Bank funded a $4.5 million accounts receivable factoring facility by its accounts receivable financing group. The new client is a transportation company facing growth challenges. This facility will support the client’s continued growth. 

“This facility is an example of our rapidly expanding portfolio in the transportation sector,” Bill Elliott, president of accounts receivable financing at First Business Specialty Finance, said. “We are committed to helping address the needs of brokers, carriers, logistics warehouses and freight forwarders."