TAB Bank provided a $15 million asset-based revolving credit facility to a construction supply company with operations in California and Minnesota.
The company is a vertically integrated manufacturer and distributor of steel infrastructure products. These products are primarily used in the construction of roads, highways, the interstate system and airports.
The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries, including asset-based revolving loans, accounts receivable financing, lines of credit, and equipment finance.