Veritas Financial Partners closed a $16 million asset-based revolver and term loan credit facility for Chicago American Manufacturing (CAM).

CAM utilized the proceeds to refinance its existing senior debt and to provide additional working capital for the business.

Evan Nadler, senior vice president of Veritas Financial Partners, said, “Closing this transaction validates the recent opening of our Chicago office as we continue to build our presence throughout the Midwest. In this competitive market, it is imperative for us to deliver sophisticated working capital solutions while being resourceful to the efforts of the professionals who rely on our ability to execute.”

Chicago-based CAM is a producer of a variety of consumer and commercial fan products, utility carts and metal office cabinetry in the U.S.

CAM provides a full suite of services, including design, engineering, manufacturing and finishing. The company operates out of a 275,000 sf state-of-the-art plant and has close alliances with its two major affiliated entities: Blackhawk Steel and Dockside Steel Processing.

Veritas Financial Partners is a specialty finance firm that provides $2 million to $20 million senior secured credit solutions to businesses across various industries.