OGDEN, Utah, Jan. 07, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided an energy drink company in Michigan with a $1 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company is a manufacturer and bottler of energy drink products and supplies to some of the largest chains in the country.
About TAB Bank
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.
Ralph Kourtjian is TAB Bank’s Vice President and Business Development Officer based in Detroit. Ralph has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena. Ralph can be reached at 947-465-1703 or at ralph.kourtjian@tabbank.com.
