Daily News: May 16, 2018

TAB Bank Provides $12MM Revolver to Defense Contractor

TAB Bank provided a $12 million revolving credit facility to a Virginia-based defense equipment manufacturing company.

The new facility is extended through a multi-year agreement and will be used for ongoing working capital needs.

The company provides defense equipment and various aftermarket support functions to commercial and defense operations worldwide.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. Its asset-based structures include asset-based revolving loans, accounts receivable financing, lines of credit and equipment finance.