Daily News: August 13, 2012

Cole Taylor Business Capital Inks $7.5 Million for Twin City Bagel

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $7.5 million facility for Twin City Bagel, Inc., (d/b/a National Choice Bakery). The company is a GFSI certified supplier of bagels across the United States. Proceeds of the facility will be used to refinance the company’s existing debt and to fund ongoing working capital.

Twin City Bagel has been baking artisan bagels since 1990. The firm is based in South Saint Paul, MN, and has a second plant in Pageland, SC. The company produces bagels in a range of sizes, varieties and packaging options, and specializes in private label and co-packing bagel programs tailored to each customer’s needs. The two facilities combine to make as many as one million bagels per day.

Cole Taylor Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million.