Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $19.6 million credit facility to Veridiam. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.
Veridiam is a contract manufacturer of assemblies and precision components machined from high performance metal alloys and medical grade plastics. The company supplies to the medical, dental, nuclear power, aerospace, semiconductor and industrial markets.
Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank.