First Business Capital Closes Revolver for Ceiling Fan Company

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.

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