First Business Bank funds $1.6 million small business acquisition

Madison-headquartered First Business Bank announced it has funded a $1.6 million 7(a) loan acquisition of a software as a service (SaaS) digital marketing company serving health care clinics nationwide. The buyer and the seller were not disclosed in the announcement but the deal was outlined in a case study by the bank. An SBA-designated preferred lending partner, First Business Bank’s SBA Lending serves several SBA loan programs, including 7(a) loans, 504 loans, USDA Business & Industry, and the International Trade Loan program.