TAB Bank provided a $4 million asset-based revolving credit facility for manufacturing company based in North Carolina. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.
In addition to the revolving credit facility, TAB Bank also provided the company with a $200 thousand M&E term loan and a $1 million commercial real estate loan.
The company manufactures premium, lightweight conveyor belts.