TAB Bank announced the closing of three working capital facilities in California totaling $3.35 million.

The first transaction was closed with an architectural lighting manufacturer for commercial buildings. TAB provided a $1.85 million line of credit based on A/R with an inventory sub-limit of $750,000. The new facility will provide for the company’s ongoing working capital needs as their business expands and grows.

The second transaction was closed with a company that provides sterile bottling facilities for liquids for human consumption. In addition to the $500,000 asset-based revolving line of credit, TAB has provided the company with a $4.4 million equipment term loan

Finally, the third transaction was closed with a wholesaler of outdoor games, toys, and beach accessories. TAB provided the company with a $1 million revolving line of credit based on accounts receivable. As with the other two transactions, this facility will provide for the company’s ongoing working capital needs.