First Business Bank's ABL Team Funded a $6.75 Million Credit Facility For Pennsylvania Company Acquisition
The Situation: Complex Negotiations With Real Estate Challenges
An experienced business buyer identified a strategic acquisition opportunity with a Pennsylvania-based liquid blending and packaging company. While the deal showed strong potential, several significant challenges emerged during the process:
Complex real estate component that made the deal unsuitable for many asset-based lenders
Extended negotiation period with changing deal parameters
Evolving asset profile requiring ongoing adjustments to the financing structure
Need for a lender with flexibility and experience in handling multifaceted acquisitions
The Solution: Adaptable Asset-Based Lending Credit Facility From First Business Bank
First Business Bank's Asset-Based Lending team structured and funded a $6.75 million credit facility that evolved alongside the negotiation process:
Provided a comprehensive solution including revolving line of credit, equipment term loan, and real estate term loan
Adapted quickly as the deal structure changed throughout negotiations and due diligence
Delivered specialized expertise to handle the complex real estate component that other asset-based lenders do not accommodate
Maintained close communication with both buyer and seller throughout the extended process
"This deal required us to adapt as the transaction evolved significantly over time. It started larger with more assets, but through negotiations and issues that arose during due diligence, we had to react quickly to structural changes while working closely with both parties. Our willingness to handle the complicated real estate component—which many lenders simply avoid—ultimately helped bring this acquisition to completion."
-Mike Colloton, Vice President – Asset-Based Lending , First Business Specialty Finance, LLC, subsidiary of First Business Bank
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