Solar Company in California Chooses TAB Bank for a $2.5 Million Revolving Credit Facility

OGDEN, Utah, Oct. 09, 2020 (GLOBE NEWSWIRE) -- A solar company in California has chosen TAB Bank for a $2.5 million revolving credit facility.

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Provider: 
GlobeNewswire, Inc.GlobeNewswire, Inc.
Retrieved on: 
Friday, October 9, 2020
Information
Tags: 
Finance, Money, Economy, Corporate finance, Credit, Personal finance, Accounts receivable, Working capital management, Revolving credit, Factoring, Bank, Asset-based lending
Geotags: 
Ogden, UT, Us
Organisation: 
TAB BANK
Summary
Key Points: 
  • OGDEN, Utah, Oct. 09, 2020 (GLOBE NEWSWIRE) -- A solar company in California has chosen TAB Bank for a $2.5 million revolving credit facility.
  • The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.
  • The company designs and manufactures proprietary systems to mount solar panels and accessories to residential sloped roofs.
  • 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, Oct. 09, 2020 (GLOBE NEWSWIRE) -- A solar company in California has chosen TAB Bank for a $2.5 million revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.

The company designs and manufactures proprietary systems to mount solar panels and accessories to residential sloped roofs. They sell through solar distributors, regional contractors, and select national contractors.

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.

Brett Horwitz is TAB Bank’s Managing Director and Head of Originations for the Western Region. Brett has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena. Brett can be reached at 949.466.5255 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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