OGDEN, UT--(Marketwire - October 27, 2010) - TAB Bank is pleased to announce the funding of a $3 million working capital facility for Advantage Fitness Products (AFP) of Culver City, CA.
For more than twelve years, AFP has delivered unmatched service to organizations in need of fitness- and wellness-oriented solutions. AFP has established itself as a fitness industry leader, successfully supplying over 15,000 clients in nearly 50 countries.
TAB Bank worked with the Los Angeles-based Lawrence Financial to complete the transaction. Lawrence Financial, founded in 1990 by Lawrence Hurwitz, assists companies in arranging financing required for growth and expansion.
Together TAB Bank, Lawrence Financial and AFP were able to structure a facility that addressed AFP's challenges and met the needs of AFP's business plan.
TAB Bank provides working capital solutions to transportation and non-transportation companies in all stages of business life cycles and in all economic conditions. TAB Bank does so through Accounts Receivable Financing, Lines of Credit and Asset Based Loans.
Contact Information:
Eric Myers
Director of Marketing
801-624-4153