First Business Financial Services Bank Funds $1.6M SBA 7(a) Loan for Acquisition of SaaS Company

BROOKFIELD, WI – September 27, 2022 – First Business Bank’s SBA team announces that it has funded $1.6 million 7(a) for the acquisition of a software-as-a-service (SaaS) digital marketing company serving healthcare clinics nationwide health.

“Our buyer has the experience to successfully run this business, so I’m very pleased that the SBA team at First Business Bank was able to help them buy it,” said Marty Ferguson, Managing Director – SBA Lending. “Our team stepped up to get the right information quickly to deliver exactly what the buyer offered when they needed it.”

More information on this business acquisition, including obstacles and solutions, is described in a case study.

SBA Designated Preferred Lending Partner, First Business Bank’s SBA Loans provides businesses with efficient access to several SBA loan programs, including 7(a) loans, 504 loans, USDA Business & Industry, and the International Commercial Loan Program. The team specializes in businesses with less than $25 million in revenue and brings significant experience in franchise acquisition, Fed-Ex route financing, e-commerce based businesses, professional services, health care delivery, self-storage, owner-occupied real estate purchases. , and more.

About First Business Bank
First Business Bank specializes in corporate banking, including commercial banking and specialty finance, private wealth management and banking advisory services, and through its refined focus, it offers expertise, accessibility and unparalleled responsiveness. Specialty finance solutions are provided by 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 more information, visit firstbusiness.bank.

Disclaimer

First Business Financial Services Inc. published this content on September 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on September 26, 2022 14:44:04 UTC.