TAB Bank Provides Machine Parts Manufacturing Company in Oregon with a $1 Million Asset-Based Credit Facility
OGDEN, Utah, Sept. 05, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million asset-based revolving credit facility for a machine parts manufacturing company located in Oregon. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company manufactures and distributes heavy duty material handling equipment such as screw conveyors and rotary feeders.
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.
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.
If you are looking for more information on Asset-based lending and it’s benefits, we have you covered. Click on the tile below to access our ebook titled, The Unsung Value of Effective Asset Management. Check out this ebook and learn how you can leverage your current assets and invoices to manage your day-to-day cash flow needs or finance your businesses’ next major purchase.
