TAB Bank has provided a new asset-based lending (ABL) facility to an international contract manufacturer based in Michigan. TAB’s flexible financial solutions will accelerate the company’s growth and success.
This ABL facility features a credit limit of $7 million. This financial support will enable the manual/semi-automated assembly manufacturer to further improve its operations and continue to deliver exceptional process design and supply chain management expertise. The facility will also strengthen a company division that focuses on developing and manufacturing premium optical silicone products for transportation, commercial lighting, machine vision and appliance industries.
