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TAB Bank Provides $7MM Asset-Based Credit Facility to Foundry in New York

January 25, 2022, 07:36 AM
Filed Under: Metals and Mining
Related: new york, TaB Bank

TAB Bank provided a foundry in New York with an $7 million asset-based credit facility. The new facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company designs and manufactures high quality ductile and malleable iron castings. Their facility has complete raw material to final casting in-house manufacturing, heat-treating, finishing, and quality control capabilities.

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