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TAB Bank Provides $5MM ABL Facility to Oilfield Chemistry and Field Services Company

June 23, 2022, 07:00 AM
Filed Under: Chemicals
Related: TaB Bank

TAB Bank funded a $5 million dollar asset-based credit facility to a leading provider of oilfield chemical formulations and field services.

This company delivers critical chemical formulations and fluids designed to meet the unique requirements of each site and improve the performance, longevity, and profitability of its client’s oil and gas assets.  

The TAB Bank facility was used to refinance their existing lender and provide growth capital to capitalize on the opportunities they see in the market.  

“TAB is excited to partner with this company and we look forward to supporting their working capital needs so they can continue to grow, expand, and reach their full potential.  It became clear working with this management team that they are committed to being the very best at their craft and being a true partner to their clients.  This is something we strive for at TAB and will do our best to emulate the example that they have set” stated Brett Horwitz, Managing Director and Head of Originations for the Western Region for TAB Bank.



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