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TAB Bank Closes $3MM Facility With Manufacturing Company

March 20, 2014, 06:55 AM
Related: TaB Bank

TAB Bank announced it has provided a $3 million credit facility for a manufacturing company located in California. The company produces custom machined products for the semi-conductor, gas and oil, and aerospace industries.

The new facility includes a $1.5MM revolving line against accounts receivable, and a $1.5MM amortizing equipment term loan.

TAB Bank provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Accounts, and Treasury Management Services.

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