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Cole Taylor Business Capital Provides $15MM to Betty Machine

August 15, 2013, 07:58 AM
Filed Under: Manufacturing

Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $15 million facility for Betty Machine Company, Inc., based in Hendersonville, TN. In business for more than 65 years, the company manufactures precision machine parts, and primarily serves the light vehicle and automotive market as a Tier II supplier. 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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