FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


TAB Bank Provides $5MM Asset-Based Credit Facility to Wood Products Distribution Company

August 30, 2022, 06:00 AM
Filed Under: Distribution
Related: TaB Bank

TAB Bank provided a wood products distribution company in Arkansas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is a custom millwork and wood products distribution company, specializing in hardwoods, hinges, slides, adhesives, and warehousing, primarily targeting the custom cabinet manufacturing industry.

TAB Bank was able to help the client exit a banking relationship with unusually stringent covenants, which were proving expensive and cumbersome. TAB Bank provided a larger credit facility, higher advance rates on A/R and inventory, and less restrictive covenants – at roughly the same cost.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.