First Business Bank’s equipment finance team funded a $58,200 in equipment financing to replace an aging forklift. The financing enabled the wholesale electronics distribution company in New York to upgrade essential warehouse operations without disrupting cash flow.
The established electronics distributor selected First Business Bank after seeking alternatives to dealer financing that required personal guarantees. First Business Bank’s equipment finance team structured a corporate-only financing solution that met the client’s requirements while delivering rapid approval and funding.
“We completed this transaction from initial inquiry to vendor funding in just 48 hours,” Dusan Knezevic, assistant vice president – equipment finance at First Business Specialty Finance, a subsidiary of First Business Bank, said. “When businesses need to replace critical equipment quickly, our streamlined process and responsive credit team make the difference.”
