TAB Bank Provides Cable Manufacturing Company in Missouri with a $2.5 Million Asset-Based Credit Facility

OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.

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GlobeNewswire, Inc.GlobeNewswire, Inc.
Retrieved on: 
Thursday, December 3, 2020
Information
Tags: 
Finance, Money, Economy, Corporate finance, Accounts receivable, Working capital management, Factoring, Fundamental analysis, Working capital, Debits and credits, Bank, Line of credit
Geotags: 
Ogden, UT, Us
Organisation: 
TAB BANK
Summary
Key Points: 
  • OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.
  • The company is one of the premier manufacturers of data and communicationcables in the United States.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.


OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is one of the premier manufacturers of data and communication cables in the United States. The deal was referred to TAB Bank by a consulting firm.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.

Ralph Kourtjian is TAB Bank’s Vice President and Business Development Officer based in Detroit. Ralph has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena.  Ralph can be reached at 947-465-1703 or at [email protected].

Contact Information:

Trevor Morris
Director of Marketing
801-624-5172
[email protected]
Twitter - @TABBank
Facebook – facebook.com/TABbank


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