Daily News: February 28, 2013

TAB Bank Provides Simple Products With Revolver

TAB Bank was chosen to provide a $750,000 senior revolving credit facility to Sandy, UT-based Simple Products Corp. The new facility has been extended through a multi-year agreement.

TAB Bank provides custom working capital solutions to commercial businesses from many industries

Simple Products is a wholesale and ecommerce merchandise company. The company has operated as a product developer, manufacturer and wholesaler of retail merchandise. It specializes in all aspects of product development, from concept through the manufacturing process, to sales and they have become an industry leader in taking products to the marketplace in a timely and profitable manner. Simple Products also provides distribution and marketing services into all major retail channels.

“As we continue to expand and look for new growth opportunities for our business, we needed a financial partner that could be light on their feet and provide customized solutions quickly and efficiently. The financial partner we were seeking also needed to be readily accessible to us on a regular basis to talk about our funding needs. TAB Bank has been all of these things. We have found it very refreshing to work with a bank that is so flexible and adaptable as TAB has proven to be. We are very much looking forward to working with them in the months and years to come,” commented Scott Carlston, controller of Simple Products Corp.