First Business Bank’s ABL Team Funds $6.85MM to Refinance for Metal Parts Manufacturer

August 13, 2025 - First Business Bank’s Asset-Based Lending team recently closed and funded a $6.85 million financing package, including a revolving line of credit, a CapEx equipment line of credit, and a real estate term loan, to refinance a Texas-based manufacturer of precision-machined metal parts.

“We’re pleased to provide this refinancing solution for a well-established manufacturer in the precision machinery sector,” said Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “This facility positions the company for continued growth and gives them the financial flexibility to capitalize on future opportunities.”

“This transaction demonstrates our commitment to expanding our Asset-Based Lending capabilities as we continue to grow our ABL team,” said Steve Bishop, President – Asset-Based Lending. “We’re pleased to support companies during critical transition periods and help businesses navigate these pivotal moments to achieve their growth objectives.”