SOURCE: TAB Bank

TAB Bank

June 13, 2012 11:15 ET

TAB Bank Provides J.J. Collins With a $3 Million Credit Facility

OGDEN, UT--(Marketwire - Jun 13, 2012) - TAB Bank is pleased to announce that it has provided a $3 million credit facility to J.J. Collins of Woodridge, IL. The new facility is based on accounts receivable and is extended through a renewable term.

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.

Fordham Capital Partners of Chicago worked with TAB Bank on the transaction. Fordham structures interim financing solutions to satisfy the specific needs of their clients' unique business situations. They work with small- to medium-sized companies across a variety of industries that require financing not available from conventional sources.

Founded in 1878, J.J. Collins is a family-owned and operated business that manufactures custom printed materials and products. They sell directly to end users as well as to major distributors. Printed product lines include laser forms, direct marketing materials, color brochures, padded forms, hotel guest memo pads, continuous forms, snap-out forms, as well as a direct mail service. J.J. Collins is committed to providing innovative print solutions of the highest quality to meet and exceed their customers' needs.

"We had outgrown our previous credit facility at our former financial institution. We needed a larger credit limit and increased flexibility and customization in order to take advantage of business opportunities and relationships with current and prospective customers. I was very pleased with the proposal made to us by TAB Bank. The credit facility they proposed had the elements were we looking for. We quickly made the decision to complete a new lending arrangement with TAB Bank. I am very glad that we did," commented Scott E. Ellis, CFO of J.J. Collins.

Contact Information

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