TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $14.95 miliion of  secured financing to support the majority investment in Innovative Food Processors,  Inc. (“IFP” or the “Company”) by Ampersand Capital Partners. 

Headquartered in Faribault, MN, Innovative Food Processors, Inc. is a manufacturer of powdered food and ingredients for the global food & beverage, health and medical nutrition markets.  Since its founding in 1981, IFP has become one of the largest fluid bed batch agglomerators in North America.  IFP operates as a turn-key provider offering all stages of production. 

"We were pleased to have the opportunity to support Ampersand’s investment in IFP," said TCF Capital Funding Senior Vice President Thomas Karle. "The TCF Capital Funding team is excited to invest in the food and ingredient space and to provide a financing solution that will support the company's long-term growth and strategic initiatives.”

TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.  To learn more about TCF Capital Funding, visit www.tcfcapitalfunding.com .

TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation, a Wayzata, Minnesota-based national bank holding company. As of March 31, 2014, TCF had $18.8 billion in total assets and 381 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in 48 states.