Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $15 million facility for AmerTac Holdings, Inc. The company, located in Saddle River, NJ, designs, markets, and distributes electrical, lighting, decorative and functional hardware products, and consumer electronic accessories. Proceeds of the facility were used to refinance existing debt and to fund an acquisition and ongoing working capital needs.

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.