INDIANAPOLIS, IN - December 7, 2023 - First Business Bank's Floorplan Financing announces it funded a $22 million inventory floorplan line of credit for a large independent car dealership in Texas.
The new client, a family-run business, was impressed by the Floorplan Financing team's response time and diligence to secure the floorplan for them.
First Business Bank's Floorplan Financing team offers independent car dealers the flexibility to finance their used car purchases, preserving cash flow and allowing them to buy preferred inventory. Floorplanning programs are available from $500,000 to $20+ million for larger, well-established independent car dealers. This limited focus, a hallmark of First Business Bank's business model, facilitates a smaller clientele than large competitors, empowering personalized concierge service. 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 07 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2023 14:59:21 UTC.
First Business Financial Services, Inc. is a bank holding company. It 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. Within business banking, 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 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.
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