A distributor of pumps, valves, and process equipment based in Ohio chose TAB Bank for a $2.25 million revolving credit facility. The facility is an asset-based line of credit and also contains an inventory component. In addition to the credit facility, the company received $412,000 in equipment financing from TAB Bank.
The company is a distributor of pumps, valves and process equipment servicing Ohio, Indiana, Kentucky, West Virginia, Georgia and Alabama.
The company operates a 16,000 square foot facility at its headquarters in Ohio as well as a 5,000 square foot facility in Georgia to provide customers in the Southeast with local sales support, inventory and rotating equipment service.