First Business Bank's Asset-Based Lending Team Funds $5.1 Million Credit Facility To Support Manufacturer Acquisition

MADISON, WI – April 8, 2026 – First Business Bank's Asset-Based Lending team announces a recently closed and funded $5,100,000 credit facility to support the acquisition of a New Jersey industrial packaging manufacturer. 

When a current client and their private equity owner approached First Business Bank's Asset-Based Lending team about financing a potential acquisition, the team moved quickly to structure a complete solution. Rather than starting from scratch, First Business Bank expanded the client's existing financing to cover the full scope of the deal — a working capital line of credit and a real estate loan totaling $5,100,000. The acquisition expanded the company's product offerings and extended its geographic reach into new markets. 

 

"This transaction gave our client the ability to expand their geographic footprint and add manufacturing capacity in a strategically important market," said Kevin McGraw, Vice President - Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. "We structured a facility that covered the real estate component of the acquisition and set them up to hit the ground running in their new market." 

First Business Bank's Asset-Based Lending team provides asset-based loans nationwide to businesses in transition with sales from $10,000,000 to $200,000,000+ and financing requirements of up to $25,000,000. Our financing assists these companies with lending solutions to accomplish turnarounds, restructurings, business acquisitions, assist with rapid growth, and more. 

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