Daily News: October 15, 2012

Cole Taylor Business Capital Provides $11MM to Burlington Tech

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of an $11 million facility for Burlington Technologies, a manufacturer of dyed yarns and specialty fabrics.

Proceeds of the facility will be used to refinance existing debt and fund ongoing working capital and capital expenditure needs. The company is located in Burlington, NC.

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.