Daily News: March 19, 2014

TAB Bank Closes $3MM Facility with Manufacturer

TAB Bank announced it provided a $3 million credit facility for a manufacturing company.

The new facility includes a $1.5 revolving line against A/R, and a $1.5 million amortizing equipment term loan.

The company, located in California, produces custom-machined products for the semi-conductor, gas and oil and aerospace industries.