OGDEN, UT--(Marketwired - Mar 6, 2014) - TAB Bank is pleased to announce it has provided a $10 million senior revolving credit facility for a wholesale distribution company located in the Southeast. The company is a distributor of prescription and non-prescription pharmaceuticals as well as over-the-counter products such as toothpaste, shampoos, and beauty aids. 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.
Robert Gole is TAB Bank's Vice President and Business Development Office based in Atlanta. Robert is an asset-based lending veteran with years of experience in the industry.