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Cole Taylor Business Capital Announces Two Facilities Totaling $13.9MM

February 26, 2013, 07:52 AM

Cole Taylor Business Capital recently announced the funding of a $5.9 million facility for Western Shelter Systems. Proceeds of the facility are being used to support the acquisition of assets by Gorge Holdings, LLC, and to fund ongoing working capital.

Headquartered in Eugene, OR, Western Shelter Systems manufactures and distributes reusable temporary shelters and accessories, firefighting apparel, mobility systems and equipment for emergency, commercial, and military field operations.

Western Shelter Systems is a portfolio company of Gorge Holdings, LLC, a private equity firm located in Portland, OR.

Separately, Cole Taylor Business Capital also announced the funding of an $8 million facility for Team Express Distributing. The San Antonio, TX based company is a retailer of premium sporting goods, athletic equipment, footwear and apparel. The firm, which markets its product line through its San Antonio retail store, online store, and catalogs, also markets directly to amateur sports teams. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.

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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