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First Business Bank's Asset-Bank Lending Team Funds $15 Million Credit Facility For Corporate Divestiture Acquisition In South Carolina
October 2, 2025
Source: First Business Bank
MADISON, WI – October 2, 2025 – First Business Bank's Asset-Based Lending team announces a recently closed and funded $15 million revolving line of credit to fund the acquisition of a distributor of communications and payment systems through a corporate divestiture transaction.
"We're pleased to support our client's second acquisition with us, this time facilitating the purchase of a division from a Fortune 400 company," said Steve Bishop, President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. "This transaction demonstrates our ability to structure financing solutions for complex carve-out transactions that require specialized expertise and rapid execution." The acquired South Carolina-based company distributes telephone systems, point-of-sale payment devices, and comprehensive communications equipment to businesses nationwide. This strategic acquisition expands the buyer's portfolio and market reach in the growing communications technology sector.
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 $25,000,000. 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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