Daily News: August 13, 2012

TAB Bank Provides ABL Facility to Accommodation Mollen

TAB Bank announced it has provided a $3 million asset-based lending facility through a multi-year agreement for Philadelphia, PA-based Accommodation Mollen, an independent distributor of cleaning and safety supplies and equipment.

“We have been very fortunate to secure financing with TAB Bank. The new lending agreement they proposed has been and will continue to be a great fit for providing for the working capital needs of our company. We were seeking a cost-effective financing solution with a level of service, support, and commitment that would make us comfortable. TAB’s team of lending professionals did a great job in working closely with us to make this happen,” commented Dave Potack, president of Accommodation Mollen.

“We couldn’t be happier with our new relationship with Accommodation Mollen,” stated Paul Durosko, vice president of underwriting at TAB Bank. He continues, “The company and its principals are experienced operators that have successfully managed Accommodation Mollen through various economic cycles and continue to provide outstanding value-added supplies and services to their customer base. We are very pleased they have chosen TAB Bank to be their new lending partner.”