SOURCE: TAB Bank

TAB Bank

March 19, 2014 11:20 ET

TAB Bank Closes $3 Million Credit Facility With Manufacturing Company in California

OGDEN, UT--(Marketwired - Mar 19, 2014) - TAB Bank is pleased to announce it has provided a $3 million credit facility for a manufacturing company located in California. The company produces custom machined products for the semi-conductor, gas and oil, and aerospace industries. The new facility includes a $1.5 revolving line against accounts receivable, and a $1.5 million amortizing equipment term loan.

TAB Bank 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 Finance, Asset Based Loans, Business Accounts, and Treasury Management Services.

Brett Horwitz is TAB Bank's Vice President and Business Development Officer in Southern California. Brett has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena. Brett can be reached at 949.466.5255 or at brett.horwitz@tabbank.com.

Contact Information

  • Contact Information:

    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com
    Twitter - @TABBank
    Facebook - facebook.com/TABbank