TAB Bank Provides Electro Brand With a $3 Million Revolving Credit Facility

OGDEN, UT--(Marketwired - Jun 27, 2013) - TAB Bank is pleased to announce it has provided a $3 million revolving credit facility for Electro Brand, Inc. of Westchester, IL. The new agreement is based on accounts receivable and has been extended through a multiyear agreement.

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

Founded in 1961, Electro Brand is an importer and distributor of consumer electronic products. Over the years the company has grown as a resource to a broad client base throughout North America. They offer everything from basic audio products to the latest technology -- Bluetooth. They maintain a trio of brands to meet the wide range of product requirements for their retail, catalog, direct marketing, and private brand customers.

"TAB Bank has provided us with a credit facility needed to continue our growth and expansion. Once TAB became familiar with our business and developed an understanding of our specific needs, they have been most cooperative in putting the machinery in place," stated Stephen Ettelson, President of Electro Brand, Inc.