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TAB Bank Closes $3MM Credit Facility With Manufacturing Company

March 19, 2014, 07:39 AM
Filed Under: Manufacturing

TAB Bank is pleased to announce it has provided a $3 million credit facility for a manufacturing company located in California.  The company produces custom machined products for the semi-conductor, gas and oil, and aerospace industries.  The new facility includes a $1.5 revolving line against accounts receivable, and a $1.5 million amortizing equipment term loan.

Brett Horwitz is TAB Bank’s Vice President and Business Development Officer in Southern California.  Horwitz has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena.

TAB Bank provides custom working capital solutions to commercial businesses from many industries.  These solutions are provided in all stages of business life cycles during any economic conditions.  TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Accounts, and Treasury Management Services.

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