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TAB Bank Provides Chemical Manufacturer $9MM Asset-Based Credit Facility

August 03, 2021, 06:15 AM
Filed Under: Chemicals
Related: TaB Bank

TAB Bank provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company develops and manufactures chemicals for the energy and industrial markets.  Products include corrosion inhibitors, surfactants, biocides, and many others.  

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