Cole Taylor Business Capital announced two changes in senior management functions. Michael Salela, group senior vice president, will move to business development; and David Enghauser, senior vice president, will transfer to his new role as senior underwriter.

As group senior vice president, business development officer, Salela will have responsibility for originating middle-market asset based loans in the Illinois and Indiana markets. As senior vice president, senior underwriter, Enghauser will focus on underwriting new transactions across the organization.

Salela commented,