SOURCE: TAB Bank

TAB Bank

May 11, 2011 11:30 ET

TAB Bank Provides Financing Solutions for SanSegal Sportswear

OGDEN, UT--(Marketwire - May 11, 2011) - TAB Bank announces the funding of an $8 million asset-based credit line tied to A/R and inventory for SanSegal Sportswear, Inc. of Sandy, UT.

SanSegal Sportswear is a national sportswear company that has been in business since 1978. SanSegal sells directly to corporate retail clients. They offer merchandise in all 50 states, Canada, and four foreign countries. Their products and services include screen printing, embroidery, laser sculpting of fabric, garment design, and manufacturing and importing for the resort, retail, and catalog markets. SanSegal uses state of the art production equipment and has its own art department with over 12,000 designs in their portfolio. They also feature an innovative and forward-thinking product known as Green Brand that is made of 100% recycled fabrics.

TAB Bank is excited to be working with such an inventive and pioneering company as they continue to bring their dynamic products to the marketplace. The relationship required a custom working capital solution in order for SanSegal to have the liquidity necessary to continuing serving their customers and growing their business. TAB was able to work with the management team at SanSegal to craft a financial solution to make this happen.

TAB Bank provides custom working capital solutions to transportation and non-transportation companies in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, and Asset Based Loans.

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