First Business Financial Services : Bank Funds $2,959,000 SBA 7(a) Loan To Start A Veterinary Hospital
December 06, 2023 at 08:41 am EST
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MADISON, WI - December 6, 2023 -Yoon Saechao, Vice President - SBA Lending at First Business Bank, announces a recently closed and funded SBA 7(a) loan for a new veterinary hospital in California.
The $2,959,000 SBA 7(a) loan funds a new veterinary hospital launched by experienced veterinary professionals. "This is a great example of how SBA 7(a) loans can help startup businesses," Saechao said. "This SBA 7(a) loan provides the necessary capital for the new veterinary hospital to lease a facility, purchase equipment, and cover working capital needs. The borrowers are experienced veterinarians who have a strong business plan and a passion for animal care. We are proud to partner with them to support their entrepreneurial vision."
An SBA-designated Preferred Lending Partner, First Business Bank's Top 100 SBA Lending team provides efficient access for businesses to several SBA loan programs, including 7(a) loans, 504 loans, and the International Trade Loan program. The team operates nationwide to assist businesses with various needs, such as commercial real estate purchases, tenant improvements, equipment, working capital, business startup costs, inventory, business acquisitions, and debt refinancing.
About First Business Bank
First Business Bank® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through 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 additional information, visit firstbusiness.bank. Member FDIC
First Business Financial Services Inc. published this content on 06 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2023 13:40:19 UTC.
First Business Financial Services, Inc. is a bank holding company. The Company is engaged in the commercial banking business through its bank subsidiary, First Business Bank (the Bank). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Its products and services are focused on business banking, private wealth, and bank consulting. It offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, small business administration (SBA) lending and servicing, treasury management solutions, and company retirement services. Its private wealth management services include trust and estate administration, financial planning, investment management, and private banking.
FIRST BUSINESS FINANCIAL SERVICES, INC. 
