Daily News: September 18, 2019

TAB Bank Provides $1.75MM Revolver to This Bar Saves Lives

TAB Bank has provided This Bar Saves Lives dba This Saves Lives with a $1.75 million revolving credit facility to support the company’s ongoing working capital needs.

Based in Los Angeles, This Saves Lives is a snack food company that produces healthy snacks for kids and families. The company partners with other charitable organizations to provide packets of life-saving food to malnourished children around the world. Every time a purchase is made, a food packet is sent to a child in need. So far, over 11 million life-saving food packets have been sent around the world.

Hollywood actors Kristen Bell, Ryan Devlin, Todd Grinnell, and Ravi Patel are the co-founders of This Saves Lives with the goal of building a sustainable social impact company that helps prevent global malnutrition.

“We are very passionate about our mission to fight early childhood malnutrition while bringing great tasting and healthy food options to kids, families, and individuals in a fun way. TAB Bank has been a great partner in providing financing that will help us continue to grow and advance our mission. We are very pleased to be working with them,” said Henry R. Mandell, CFO of This Saves Lives.