First Business Capital Closes Revolver for Ceiling Fan Company
SEP 17, 2019 - 6:05 am
First Business Capital closed a $7.5 million revolving line of credit facility for a distributor of ceiling fans and lighting in Tennessee.
The facility will be used to help facilitate the company’s growth.
First Business Capital is a bank-owned specialty lender providing asset-based loans to privately held businesses with sales from $10 million to over $100 million and financing requirements of up to $12 million. Peter Lowney currently serves as the company’s president.
First Business Capital is a part of First Business Financial Services, a Wisconsin-based bank holding company focused on the unique needs of businesses, business executives, and high net worth individuals.
Sale-leasebacks are common in the industry, but these transactions can cause accounting issues under ASC 842. Shawn Halladay outlines the key issues and accounting requirements surrounding this product as well as strategies to overcome potential obstacles. Customers enter sale-leasebacks for... read more
The CEMC New York Forum focused on the New Age of Customer Experience in Fintech, featuring visionary speakers who shared cases of digital transformation. We are living in the Age of the Customer, and technology is transforming the way lenders... read more