Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $7 million senior debt facility to GAF Manufacturing, LLC (GAF). The company is based in Jefferson, Wisconsin and is a manufacturer and marketer of plastic drain tile, fittings, and pipe accessories primarily for the farm drainage and commercial markets. They also produce blow-molded containers and other plastic products.

GAF is a portfolio company of Spell Capital Partners, a private equity firm managing both private equity and mezzanine funds. GAF was funded out of SCP Fund IV. Spell Capital Partners is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. They use their experience in acquisitions and financing in partnership with management to grow the businesses in which they invest, both internally and through add-on acquisitions.

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.