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Cole Taylor BC Announces a $17MM Funding for General Products Corporation

September 17, 2013, 07:31 AM
Filed Under: Manufacturing

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $17 million facility for General Products Corporation. The company, located in Livonia, Michigan, is a supplier of highly-engineered and precision machined components for the heavy-truck and automotive industries. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.

General Products Corporation is a portfolio company of Norwest Mezzanine Partners of Minneapolis, Minnesota, which provides mezzanine debt and equity investments to growing and profitable middle market companies.

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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