TAB Bank announced the closing of two factoring facilities in California totaling $1.25 million.

TAB provided a $750,000 line of credit based on A/R with an inventory sub-limit of $250,000 to a manufacturing and distribution company of household cleaning products. The new facility was extended through a multi-year agreement, will pay off the company’s previous lender and will provide for their ongoing working capital needs.

TAB has provided a $500,000 line of credit based on A/R with an inventory sub-limit of $150,000 for a manufacturing company of outdoor products. The company specializes in the design and production of utility and motorcycle trailers as well as trailer and lift accessories.