SOURCE: TAB Bank

TAB Bank

February 23, 2011 11:20 ET

TAB Bank Provides $10 Million Facility for GemCap

OGDEN, UT--(Marketwire - February 23, 2011) - TAB Bank is pleased to announce that it has provided a $10 million facility for GemCap of Santa Monica, CA.

GemCap provides Asset-Based Loans, ranging from $1 million to $10 million as a senior secured lender.

GemCap is recipient of TAB's expanded offering, the Lender Solutions Suite, which primarily provides funding for specialty finance companies such as factors, asset-based lenders, inventory financers, purchase order funders and the like. TAB focuses on companies with experienced management in need of facilities ranging from $3 million to $10 million. 

Tim Valdez, TAB's Chief Lending Officer, noted, "GemCap's experienced management, with a distinguished operating and lending background, made them a perfect partner in TAB's portfolio."

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