Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $19.6 million credit facility to Veridiam, Inc. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.
Veridiam is a contract manufacturer of assemblies and precision components machined from high performance metal alloys and medical grade plastics. With more than sixty years of industry experience, Veridiam is a supplier to the medical, dental, nuclear power, aerospace, semiconductor, and industrial markets.
Cole Taylor Business Capital is the asset based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago, IL.