OGDEN, UT--(Marketwired - Feb 27, 2014) - TAB Bank is pleased to announce it has provided a $2 million revolving credit facility for a sports apparel company located in California. The company produces, markets, and distributes skate and lifestyle shoes, apparel, and 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 as company grows.
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.
Brett Horwitz is TAB Bank's Vice President and Business Development Officer in Southern California. Brett has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena.