Daily News: September 6, 2019

TAB Bank Provides $1MM ABL to Machine Parts Manufacturer


TAB Bank provided a $1 million asset-based revolving credit facility for a machine parts manufacturing company based in Oregon.

The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company manufactures and distributes heavy duty material handling equipment such as screw conveyors and rotary feeders.