Daily News: July 30, 2012

Cole Taylor Business Capital Provides $10 Million to ALG Worldwide

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $10 million facility for ALG Worldwide Logistics, LLC, a global logistics management company. Proceeds of the facility will be used to refinance the company’s existing debt and to fund ongoing working capital needs.

Located in Wood Dale, IL, ALG provides supply chain and information management to more than 20,000 clients worldwide. Logistics services provided by the company include print media co-production and distribution services, data management, warehousing and transportation services, exhibition and tradeshow transportation, and fulfillment.

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