Cole Taylor Business Capital announced the recent funding of a facility for Eastern Fishing and Rental Tool Co., Inc. The company, located in Lauren, MS rents specialty tools and provides technological services to oil and gas producers and operators in the Southeast United States. Proceeds of the facility will be used to refinance existing debt and fund ongoing working capital.
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.