Daily News: June 27, 2013

TAB Bank Provides $3MM Revolver to Electro Brand

TAB Bank announced it provided a $3 million revolving credit facility for Electro Brand of Westchester, IL. The new agreement is based on accounts receivable and has been extended through a multi-year agreement.

Founded in 1961, Electro Brand is an importer and distributor of consumer electronic products. Over the years the company has grown as a resource to a broad client base throughout North America. They offer everything from basic audio products to the latest technology – Bluetooth. They maintain a trio of brands to meet the wide range of product requirements for their retail, catalog, direct marketing, and private brand customers.

“TAB Bank has provided us with a credit facility needed to continue our growth and expansion. Once TAB became familiar with our business and developed an understanding of our specific needs, they have been most cooperative in putting the machinery in place,” stated Stephen Ettelson, president of Electro Brand.