SOURCE: TAB Bank

TAB Bank

August 15, 2011 09:00 ET

PureTek Corporation Chooses TAB Bank for $10 Million Senior Lending Facility

OGDEN, UT--(Marketwire - Aug 15, 2011) - PureTek Corporation of San Fernando, CA has chosen TAB Bank for a $10 million credit line based on accounts receivable and inventory.

PureTek Corporation was established in 1991. In the 20 years since its founding, PureTek has grown to be the premier producer of pharmaceutical, nutritional, and personal care products in Southern California. The company manufactures quality branded and private label items for some of the largest retail chains and branded drug companies in the United States. At their state-of-the-art facilities, PureTek utilizes industry-leading manufacturing and packaging technology methods and systems allowing them to produce and distribute a wide array of liquid, tablet, and capsule products.

The new facility with TAB Bank will provide PureTek the liquidity and other financial tools necessary to meet the demand for their products and continue providing exceptional levels of quality control, operational efficiency, and customer service. "We are very pleased to partner with PureTek Corporation as their lending partner. We are excited to enter into this mutually beneficial relationship and the opportunities it will bring to both companies," stated Jeff Bell, President of TAB Bank.

TAB Bank provides custom working capital solutions to transportation and non-transportation companies in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, and Asset Based Loans.

Contact Information