Daily News: January 6, 2015

TAB Bank Provides Marketing Company Flex ABL

TAB Bank announced it has provided a $750,000 Flex Asset-Based credit facility for a marketing company located in California. The company is a producer and deliverer of high quality door knob hanging advertisements. The new facility will provide for the company’s ongoing working capital needs.

A Flex Asset-Based loan from TAB Bank combines the flexibility of a factoring line of credit with the structure of an asset-based lending facility. With this type of financing, a business borrower can receive significant liquidity based on accounts receivable and eligible inventory.