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Cole Taylor Business Capital Closes $5MM Funding for Fresh Foods Concepts

February 04, 2013, 07:06 AM

Cole Taylor Business Capital announced the funding of a $5 million facility for Fresh Foods Concepts, Inc. The Buena Park, CA, company is a manufacturer and distributor of fresh foods sold in grocer, club, and mass merchant venues across the United States and Canada. Their product line includes salsas, dips, seafood salads, and refrigerated foods distributed under branded and private labels. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.

Fresh Food Concepts, Inc. is a portfolio company of Ancor Capital Partners, a private equity firm focused on U.S. manufacturing and distribution companies. Ancor is based in Fort Worth, TX.

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 and is offering dedicated syndication opportunities of up to $100 million.

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