First Business Bank's Asset-Based Lending Team Funds $6.75 Million Credit Facility For Pennsylvania Acquisition
June 26, 2025
Source: First Business Specialty Finance, LLC
MADISON, WI – June 26, 2025 – Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $6,752,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a Pennsylvania company blending and packaging liquids.
The transaction involved complex negotiations and a challenging real estate component that many asset-based lenders can’t accommodate.
"What made this deal particularly unique was navigating the lengthy negotiations and adapting to significant changes throughout the process," said Colloton. "The deal structure evolved considerably over time, requiring us to work closely with both buyer and seller to quickly respond to due diligence findings and changing asset profiles. First Business Bank's ability to handle the real estate component, which presented complications, ultimately helped bring this acquisition to completion."
First Business Bank’s Asset-Based Lending team provides asset-based loans nationwide to businesses in transition with sales from $10,000,000 to $100,000,000+ and financing requirements of up to $24,000,000. Our financing assists these companies with lending solutions to accomplish turnarounds, restructurings, business acquisitions, assist with rapid growth, and more.
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