SOURCE: TAB Bank

TAB Bank

August 13, 2012 09:20 ET

TAB Bank Provides Accommodation Mollen With a $3 Million Asset-Based Lending Facility

OGDEN, UT--(Marketwire - Aug 13, 2012) - TAB Bank is pleased to announce that it has provided a $3 million asset-based lending facility through a multi-year agreement for Accommodation Mollen, Inc. of Philadelphia.

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.

Accommodation Mollen was incorporated in 1957 and has grown to become Philadelphia's largest independent distributor of cleaning and safety supplies and equipment. Serving the Delaware Valley, Accommodation Mollen provides its products, service, and diverse knowledge and expertise of the cleaning and safety industry with clients from many different industries including healthcare, education, building management, contract cleaning, and in-house janitorial work.

"We have been very fortunate to secure financing with TAB Bank. The new lending agreement they proposed has been and will continue to be a great fit for providing for the working capital needs of our company. We were seeking a cost-effective financing solution with a level of service, support, and commitment that would make us comfortable. TAB's team of lending professionals did a great job in working closely with us to make this happen," commented Dave Potack, President of Accommodation Mollen, Inc.

"We couldn't be happier with our new relationship with Accommodation Mollen," stated Paul Durosko, Vice President of Underwriting at TAB Bank. He continues, "The company and its principals are experienced operators that have successfully managed Accommodation Mollen through various economic cycles and continue to provide outstanding value-added supplies and services to their customer base. We are very pleased they have chosen TAB Bank to be their new lending partner."

Contact Information

  • Contact Information:
    Trevor Morris
    Marketing Manager
    801-624-4418
    trevor.morris@tabbank.com
    Twitter - @TABBank
    Facebook - facebook.com/TABbank