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TAB Bank Provides Supply Chain Company Equipment Loan, ABL Facility

November 16, 2015, 06:59 AM
Related: TaB Bank

TAB Bank announced it has provided a $4.5 million asset-based credit facility for a logistics and supply chain management company with operations in California and the Northeast.  The new facility will pay off the company’s previous lender and provide working capital to fuel their growth.  In addition to the credit facility, TAB Bank has also provided the company with a $1.5 million term loan to finance the acquisition of new equipment for the purpose of supporting several new contracts.

The company is a complete provider of supply chain management solutions.  They maintain operations in New Jersey, California, and Florida with over 1,000,000 square feet of combined warehouse space.

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