Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $12 million facility for PureTek Corporation. The company, located in San Fernando, CA, is a manufacturer and distributor of pharmaceuticals, nutraceuticals, and health and beauty products. 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, a commercial bank headquartered in Chicago, IL. 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.