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Cole Taylor Business Capital Announces $10MM Funding for Milmar Food Group

August 12, 2013, 08:07 AM

Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $10 million facility for Milmar Food Group II, LLC. The company, located in Goshen, NY is a producer of frozen foods, hors d’oeuvres, crepes, blintzes, and pre-plated prepared entrée's, which are distributed nationally and internationally to the food service, retail, wholesale clubs, private label, and airline industries. 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. 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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