Fred Tebb & Sons, Inc. Chooses TAB Bank for a $2 Million Credit Facility

OGDEN, UT--(Marketwire - Jun 21, 2012) - Fred Tebb & Sons, Inc. of Tacoma, WA has chosen TAB Bank for a $2 million credit facility. The new facility is based on accounts receivable and inventory and has been extended through a multi-year agreement.

TAB Bank (@TABBank) provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, Asset Based Loans, Business Accounts, and Commercial Banking Services.

Formed in 1965, Fred Tebb & Sons is a family-owned and operated business that remanufactures rough cut lumber into finished goods. Their products are sold throughout the United States and include wood siding, interior moldings, and dimension components that go into the manufacturing of pianos and guitars.

"TAB Bank has been great. The progression in setting up all the necessary steps for our new lending agreement was smooth and seamless. I am very much looking forward to the new relationship and what the future holds for Fred Tebb & Sons," stated John Tebb, Vice President of Fred Tebb & Sons, Inc.