OGDEN, UT--(Marketwired - Jan 21, 2014) - TAB Bank is pleased to announce it has provided a $1.5 million revolving credit facility for a an archery manufacturing company located in the Northwest. The company produces archery products including compound bows, recurve bows, bow strings, arrows, and other archery accessories. The new facility is based on accounts receivable and inventory, is made available through a multi-year agreement, and will provide for the ongoing working capital needs of the company.
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.
TAB's nationwide team of Business Development Officers possess years of experience developing client relationships and structuring credit facilities in the asset-based lending arena.