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Zions Bancorp Completes $9MM Asset-Based Revolver with Colorado Distribution Company

October 27, 2021, 08:00 AM
Filed Under: Distribution

Zions Bancorporation completed an asset-based lending deal with a distributor of automation equipment and systems. The bank’s division in Colorado, Vectra Bank, provided the credit facility to its existing client.

Following are details:

  • Loan Amount: $9,000,000
  • Industry: Distribution
  • Structure: Revolving Line of Credit  

The ABL revolving line of credit provides a flexible and scalable structure that will help the distributor achieve its strategic goals. Credit approval required; terms and conditions apply.

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