First Business Bank’s ABL team signs US$11.4m credit facility

First Business Bank’s Asset-Based Lending (ABL) team, operating through its subsidiary First Business Specialty Finance, has successfully closed and funded an US$11.43m credit facility to support the acquisition of a manufacturing company in Indiana specialising in roof trusses and wall panels.

Demonstrating exceptional efficiency and responsiveness, the First Business Bank Asset-Based Lending team completed the entire transaction in just 23 business days—from initial engagement to final funding. The speed and execution underscore the team’s deep expertise in structuring asset-based financing (ABL) solutions under tight deadlines, while maintaining a focus on quality and client satisfaction.

Mike Colloton, Vice President ABL, led the financing initiative and coordinated closely with all stakeholders to ensure alignment throughout the process. The team’s ability to deliver such a substantial and complex financing solution in a short period illustrates their commitment to supporting strategic acquisitions and growth opportunities for businesses across the US.

This latest transaction highlights First Business Bank’s ongoing dedication to flexible, tailored lending solutions and reinforces its role as a reliable financial partner for companies navigating transformative business moments.