First Business Bank Funds $998,000 SBA 7(a) Loan For Business Startup in California

MADISON, WI - October 22, 2024 -Whitney Bouknight, Vice President - SBA Lending at First Business Bank, announces a recently closed $998,000 SBA 7(a) loan for a coffee and wine bar business in California. The SBA 7(a) loan, which provides up to 100% financing, funds leasehold improvements, furniture and equipment, working capital, and closing costs for an experienced restaurant operator.

"We're thrilled to support the vision of this experienced restaurateur as they launch a new coffee and wine bar startup," Bouknight said. "At First Business Bank, we're proud to help turn industry expertise into a promising new business."

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