Daily News: July 10, 2013

Cole Taylor Funds PureTek Credit Facility


Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $12 million facility for PureTek.

The company, located in San Fernando, CA, is a manufacturer and distributor of pharmaceuticals, nutraceuticals and health and beauty products. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago, IL.