TAB Bank announced it has provided a $4.5 million asset-based credit facility for a logistics and supply chain management company with operations in California and the Northeast.

The new facility will pay off the company’s previous lender and provide working capital to fuel their growth. In addition to the credit facility, TAB Bank has also provided the company with a $1.5 million term loan to finance the acquisition of new equipment for the purpose of supporting several new contracts.

The company is a provider of supply chain management solutions. It maintains operations in New Jersey, California and Florida with more than one million square feet of combined warehouse space.