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TAB Bank Provides $8.5MM Asset-based Credit Facility to Textile Company

July 15, 2021, 07:00 AM
Filed Under: Textiles
Related: TaB Bank

TAB Bank provided a textile company in California with an $8.5 million asset-based credit facility. TAB was introduced to the company through an established broker/consultant relationship because the company’s previous lender was not able to provide additional availability to meet the company’s rapidly increasing sales.

The company’s products include bath towels, pool towels, bed sheets, pillowcases, wash cloths, gym towels, bar mop towels, and other related textiles. They sell primarily to distributors, wholesalers, and linen service providers.

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