OGDEN, Utah, July 16, 2019 (GLOBE NEWSWIRE) — A mechanical supply company based in California has chosen TAB Bank for a $2 million working capital revolving credit facility. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company is a full-service distribution company that specializes in fluid sealing and handling products and services for the California and Nevada markets.
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. In addition, TAB provides card and loan sponsorship programs through its strategic partnership product suite.
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.
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