Daily News: February 8, 2012

Cole Taylor Provides $10MM Facility to Aerospace Manufacturer

Cole Taylor Business Capital announced the funding of a $10 million senior secured facility to AMG Huntington Beach, a supplier of precision machined components and subassemblies to the aerospace industry based in Huntington Beach, CA.

Proceeds of the facility will be used to fund ongoing working capital needs.

AMG Huntington Beach was originally founded in 1941 and is currently a subsidiary of Aerospace Manufacturing Group.

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank, a Chicago-based commercial bank serving closely held businesses.