Home Source Gets Funding from Cole Taylor Business Capital
March 19, 2013,
ATLANTA and CHICAGO-Home Source International has received $8.25 million in funding from Cole Taylor Business Capital.
Proceeds from the funding facility will go toward refinancing Home Source's existing debt and to provide ongoing working capital. Cole Taylor Business Capital is an asset-based lending division of Cole Taylor Bank, a commercial bank.
Keith Sorgeloos, president and CEO of Home Source, said the facility "provides us with the wherewithal to fund our USA manufacturing facility and other strategic objectives moving forward."