Daily News: October 22, 2018

TAB Bank Provides $2.MM ABL to Footwear Manufacturer


TAB Bank provided a $2.5 million asset-based revolving credit facility for a footwear manufacturer located in Georgia.

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

The company was seeking a lender that could provide flexibility due to its seasonal capital requirements to meet customer needs. TAB Bank provided a line of credit giving the company the ability to borrow on accounts receivable, inventory, and other assets.