OGDEN, Utah, June 22, 2018 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2.25 million asset-based revolving credit facility for a chemicals company located in Georgia. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company operates as a specialty chemicals formulator and manufacturer of products for a variety of industries.
The company needed a new lending partner when their previous bank would no longer support or provide asset-based financing for small to medium-sized businesses. They sought out other lenders and ultimately chose TAB Bank due to its strength as a specialty asset-based lender as well as TAB’s dedication and expertise in providing asset-based financing for small to medium-sized businesses.
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.
Chris Mitchell is TAB Bank’s Vice President and Business Development Officer based in Atlanta. He has over 25 years of experience developing client relationships and structuring credit facilities in the asset-based lending and factoring arena. He can be reached at 404.432.7657 or at chris.mitchell@tabbank.com.
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