Bank of America Business Capital closed a $30 million senior secured asset-based loan to Techniplas, a producer of engineered and technically complex plastic components and systems for the industrial and automotive industries.

“This is a great example of our ability to leverage our financial and automotive industry expertise in partnering with Techniplas,” said Jeff McLane, president of Bank of America Business Capital. “We look forward to helping them achieve their continued growth and future success.”

“This new relationship demonstrates our continued commitment to core middle market companies,” said Brian Wright, senior vice president and head of marketing for the Central Region of Bank of America Business Capital. “We continue to be a preferred financing partner for Midwest-based companies, and we’re happy to help companies like Techniplas through periods of growth.”