Cole Taylor Business Capital announced the funding of a new $14 million credit facility for Transaxle LLC, headquartered in Cinnaminson, NJ. With more than 20 locations throughout the eastern United States, Transaxle is a leading remanufacturer of transmissions, differentials, hydraulic pumps, and other specialized components for medium and heavy duty trucks, as well as off-highway equipment. Proceeds of the new credit facility were used to refinance existing debt and support ongoing working capital needs.

Transaxle LLC is a portfolio company of Graham Partners, a private equity firm located in Newtown Square, PA, which invests in middle market industrial and manufacturing-related companies serving a diverse range of end markets. 

Cole Taylor Business Capital is the asset based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago, Illinois. 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. The firm can also provide access to the full range of business banking products and services offered by Cole Taylor Bank.