OGDEN, UT–(Marketwired – Jul 14, 2016) – TAB Bank is pleased to announce it has provided a $6.5 million asset-based revolving credit facility for a metal processing company located in Arizona. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
In addition to the revolving credit facility, the company will also utilize TAB Bank’s full suite of Treasury Management Services to manage their cash flow and business expenses.
The company processes and recycles ferrous and non-ferrous metals as well as precious metals. In addition, they also process catalytic converters and supply automotive cores to automotive parts manufacturers.
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.
Shane O’Grady is TAB Bank’s Vice President and Business Development Officer based in Phoenix, AZ. Shane is a seasoned veteran in developing client relationships and creating lending solutions that help small and medium-sized business realize their potential. Shane can be reached at 480.209.5400 or at shane.ogrady@tabbank.com.
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