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TAB Bank Provides $3.5MM ABL Facility to Food Services Company

January 27, 2017, 07:00 AM
Related: TaB Bank

A food distribution company in California has chosen TAB Bank for a $3.5 million asset-based lending facility.  The facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is a global supply chain provider of organically grown and non-GMO food products.  They distribute items such as seeds, grains, edible oils, coconut oil, and other food items such as soy protein, lentils, peas, and sugar.  They sell these goods primarily to large grocery retailers and food service providers.

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