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trade payables

asset-based lendingNorth America 04-11-2026

US chemical manufacturer secures US$20m turnaround facility to pay...

First Business Bank has closed and funded a US$20m asset-based credit facility for a Texas speciality chemical manufacturer, providing financing to refinance existing bank debt, reduce trade payables and support a corporate turnaround. The transaction combines a revolving credit line...

#asset based lending#chemical manufacturing#First Business Bank

US chemical manufacturer secures US$20m turnaround facility to pay down trade debt
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