Cole Taylor Business Capital announced the funding of a $22 million facility for Gartner Studios, Inc. and Gartner Greetings, Inc. Proceeds of the facility will be used to refinance the company’s existing debt and to fund ongoing working capital.

Headquartered in Stillwater, MN, Gartner Studios is a leader in creating do-it-yourself products to celebrate special occasions, offering more than 7,000 products through most major retailers and specialty stores in North America. Best known for its line of line of customizable party goods and stationery products, the company designs, manufactures and distributes celebration assortments such as wedding invitations, party favors and cake decorating supplies.

In a separate release, Cole Taylor Business Capital announced the funding of a $5 million facility for Wilcox Paper, LLC, located in Champlin, MN. The company is wholesale distributor of paper and paperboard products. Proceeds of the facility will be used to refinance the company’s existing debt and to fund ongoing working capital.

Cole Taylor Business Capital is the asset based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago. 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.