TAB Bank closed a $2.5 million asset-based lending facility, which includes a $1.5 million inventory subline for Precision Assembly. The capital provided from this credit facility will create opportunities for Precision Assembly to accelerate growth, while advancing their goals of providing quality parts and components for their customers.
“TAB Bank was wonderful to work with. They were very attentive to our financing needs and provided great solutions for this credit facility,” Mauro Carlini, chief financial officer of Precision Assembly, said. “They are very friendly and I would recommend them as a trusted banking partner.”
