First Business Bank’s Asset-Based Lending Team Funds $6.85 Million Credit Facility For Refinance Of Texas Metal Parts Manufacturer

MADISON, WI – August 12, 2025 – First Business Bank’s Asset-Based Lending team announces a recently closed and funded $6,850,000 revolving line of credit, CapEx equipment line of credit, and real estate term loan to fund the refinance of a Texas 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."

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.

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