Daily News: September 30, 2015

TAB Bank Provides Revolver to California-Based Manufacturer


TAB Bank said a California-based lighting systems manufacturer has chosen TAB for a $1 million revolving credit facility. The facility is based on accounts receivable and also contains an inventory component.

In addition to the credit facility, the company will also utilize TAB’s treasury management services for their business banking and online cash management needs, TAB Bank said.

The company designs and manufactures optimum lighting systems for commercial and industrial use. Their LED lighting systems have been used in many different facilities including automobile showrooms, gymnasiums, maintenance facilities, labs, parking garages, and commercial offices spaces.