Helping Your Business Move Further Down the Road to Success

First Business Factors is part of the First Business family of companies. The holding company, First Business Financial Services, Inc. (Nasdaq: FBIZ), is headquartered in Madison, WI. We are a billion dollars plus financial services empire.

No matter what division, First Business' main concern is the client and how we can help you succeed. First Business is one of only a few very select banks that provide factoring services. Therefore we will be able to meet all of your business financing needs as you move from factoring, to asset-based lending, to a bank loan. If an equipment loan is needed we can try and help you with that as well.

Our clients success is our priority. Our Factoring team has over 50 years of combined experience to help you start on the road to success.

First Business Factors - General Application

NOTE: SAVE THE APPLICATION DOCUMENT TO YOUR COMPUTER BEFORE COMPLETING IT.

Our Products & Services

Factoring
First Business can help get your company's cash flow going by converting your accounts receivable into cash within 24 hours from your initial approval. As one of only a few very select banks that provide factoring services, we’ll be able to meet all of your business financing needs as you move from factoring, to asset-based lending, to a bank loan. First Business Factors can help get your company's cash flow going by converting your accounts receivable into cash within 24 hours (after initial approval). First Business Factors is a part of First Business Financial Services, Inc. (Nasdaq: FBIZ), a billion dollars plus diversified financial services business.

First Business Factors is committed to helping you with your financial needs. Our Senior V.P. / Division Manager Gail Heldke, is a 30 year factoring veteran who leads a team of seasoned professionals with 50 years combined factoring experience. Whether you're starting up, a company seeking growth and needing extra cash, or a business currently experiencing financial difficulties, we make your business our first priority. By providing superior customer service, we make the underwriting process smooth by offering a quick response, shorter contracts, competitive pricing and the ability to move your account to an ABL or Bank Line as you grow. All Businesses face financial challenges; First Business Factors can help by providing you a fast and safe way to move your business forward to a more successful future.

With First Business Factors you get the cash you need and the peace of mind knowing that you’re working with experts. As a division of First Business Financial Services (Nasdaq: FBIZ), a billion-dollar-plus financial services company, we’re structured to offer an attractive rate. And because we’re part of a regulated banking institution, you can have confidence in our terms and our service. We’re also positioned to help you with asset-based lending or traditional bank financing further down the road.

Typical Client Profile

Manufacturers, Distributors, Wholesalers, Transportation, Temporary Staffing & Business Service Companies with:
  • Annual Sales of $500,000+
  • U.S. Based Business
  • Business-to-Business Accounts Receivables

Business Scenarios

  •  Rapid Growth/Expansion
  • Turnaround Financing
  • Acquisition Opportunity
  • Debtor-in-Possession & Exit Financing
  • Debt Restructurings
  • Management Buyout
  • Current Lending Relationship Fatigued/Distressed
  • Seasonal Sales Surges
  • Start-up Business
  • New Product/Service
  • High Leverage

Factoring Facilities

  • Pricing - Competitive Rates
  • Advance Rate on Accounts Receivable - up to 85%
  • Term of Commitment - 1 to 2 years

Benefits to Factoring

  • Provides Immediate Cash Flow
  • Credit Management Services
  • Collection & Accounting Services
  • Off-Balance Sheet Financing
  • Quick & Efficient Underwriting/Approval/Closing

Get Started

Whether you're starting up, a company seeking growth and needing cash flow support, or a business currently experiencing financial issues, we make your business our first priority.

Contact Gail Heldke, Senior Vice President and Division Manager, directly at 1-847-493-8305.

We promise to provide superior customer service, make the underwriting process smooth by offering a quick response, shorter contracts, competitive pricing and the ability to move your account to an asset-based lending or bank line as you grow.

Information You'll Need to Gather

  • Current & Prior Year Comparable Interim Financial Statements
  • Prior Two Years of Fiscal Year-End Financial Statements
  • Monthly Projections
  • Detailed Accounts Receivable & Payable Agings (same date as F/S)
  • Product Brochures
  • Business Plan
  • Shareholder Composition
  • Management/Owner Bios
  • Personal Financial Statements of Principal Shareholders

Our People

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Gay Denny

Gay Denny

Vice President
First Business Factors
Bio & contact info

Gail Heldke

Gail Heldke

SVP and Division Mgr.
First Business Factors
Bio & contact info

Robbin Salvage

Robbin Salvage

VP and Operations Mgr.
First Business Factors
Bio & contact info

Jorge Varela, Jr.

Jorge Varela, Jr.

Account Manager
First Business Factors
Bio & contact info