First Business Bank's Asset-Based Lending Team Funds $7 Million Financing For An Aviation Staffing Company Acquisition

MADISON, WI – May 7, 2026 – First Business Bank's Asset-Based Lending team announces the successful structuring and commitment of $7 million in financing to support the acquisition of full ownership in an aviation staffing company based in Minnesota.

The financing allowed the company to complete the buyout of a 50% ownership stake, consolidating control under active leadership and positioning the business for continued growth. The transaction included a $3 million structured overadvance alongside availability from the company’s existing revolving line of credit.

This transaction highlights a long-standing relationship built over more than a decade, where trust, execution certainty, and deep understanding of the business played a critical role. First Business Bank’s Asset-Based Lending team delivered a fully underwritten and documented solution weeks ahead of the final execution of the stock repurchase agreement, providing confidence and readiness for closing.

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