TAB Bank provided a $1 million revolving credit facility to a frozen foods company based in California.
The new facility is extended through a multi-year agreement and will support the company’s ongoing working capital needs.
The company operates their main offices in California and another office Utah. It facilitates the shipping and delivery of frozen seafood.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries through a variety of asset-based structures including asset-based revolving loans, accounts receivable financing, lines of credit and equipment finance.