Daily News: April 25, 2012

Cole Taylor Business Capital Funds $3.5 Million for Bright Harvest

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $3.5 million facility for Bright Harvest Sweet Potato Co., one of the largest processors of frozen sweet potato products in the United States. Proceeds of the facility will be used to fund ongoing working capital needs and finance growth.

Located in Clarksville, AR, Bright Harvest has been producing sweet potato products such as fries, patties, casseroles, puree, and mashed sweet potatoes, since 1967. The deal was referred to CTBC by Plunkett Boerner and Associates, Inc., a financial consulting firm located in Little Rock, AR.

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago, IL. Cole Taylor Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range.