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Cole Taylor Business Capital Provides $8MM to Double B Foods

February 18, 2014, 07:51 AM

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of an $8 million facility for Double B Foods, Inc. The company, located in Arlington, TX, is a manufacturer of frozen food appetizers. Products include wraps, dips, and wrapped and rolled food products for casual dining chains, supermarkets, co-packers, schools, and private label. Proceeds of the facility were used to refinance existing debt, fund ongoing working capital and to enhance production capabilities.

Double B Foods is a portfolio company of Atlantic Street Capital Management, LLC, a private equity firm that invests in middle-market companies across the United States and Canada with revenues between $25 million and $150 million. Commenting on the transaction, Peter Shabecoff, Partner at Atlantic Street Capital Management said, “The whole process with Cole Taylor Business Capital has been an absolute pleasure and such a positive experience for us. They were sensitive to the company’s needs and our tight time frame.”

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.

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