TAB Bank Provides $3 Million Credit Facility to J.J. Collins
TAB Bank announced that it has provided a $3 million credit facility to J.J. Collins of Woodridge, IL. The new facility is based on accounts receivable and is extended through a renewable term.
Fordham Capital Partners of Chicago worked with TAB Bank on the transaction. Fordham structures interim financing solutions to satisfy the specific needs of its clients’ unique business situations. Fordham work with small- to medium-sized companies across a variety of industries that require financing not available from conventional sources.
Founded in 1878, J.J. Collins is a family-owned and operated business that manufactures custom printed materials and products. It sells directly to end users as well as to major distributors.
“We had outgrown our previous credit facility at our former financial institution. We needed a larger credit limit and increased flexibility and customization in order to take advantage of business opportunities and relationships with current and prospective customers. I was very pleased with the proposal made to us by TAB Bank. The credit facility they proposed had the elements were we looking for. We quickly made the decision to complete a new lending arrangement with TAB Bank. I am very glad that we did,” commented Scott E. Ellis, CFO Of J.J. Collins.
TAB Bank provides custom working capital solutions to commercial businesses in a variety of industries.