OGDEN, Utah, June 24, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2.5 million asset-based revolving credit facility for a fitness company based in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company provides fitness design and fit-out services for a diverse customer base.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services. In addition, TAB provides card and loan sponsorship programs through its strategic partnership product suite.
Brett Horwitz is TAB Bank’s Vice President and Business Development Officer based in Southern California. Brett has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena. Brett can be reached at 949.466.5255 or at brett.horwitz@tabbank.com.
At TAB Bank we specialize in asset-based revolving credit facilities. If you are looking for information regarding this type of business lending solution and how you can use your assets to secure it, check out our eBook titled The Unsung Value of Effective Asset Management.
