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TAB Bank Closes $1MM Facility for Lighting Systems Manufacturer

September 30, 2015, 07:26 AM
Filed Under: Manufacturing
Related: Asset Based, TaB Bank

A lighting systems manufacturer based in California has chosen TAB Bank for a $1 million revolving credit facility.  The facility is based on accounts receivable and also contains an inventory component.  In addition to the credit facility, the company will also utilize TAB’s Treasury Management Services for their business banking and online cash management needs.

The company designs and manufactures optimum lighting systems for commercial and industrial use.  Their LED lighting systems have been used in many different facilities including automobile showrooms, gymnasiums, maintenance facilities, labs, parking garages, and commercial offices spaces.

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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