TAB Bank closed an $8 million working capital facility for Optimum Foods, a veteran-owned small business with primary operations in Texas that provides and distributes shelf-stable meal solutions nationwide through parcel, less-than-truckload and full truckload shipping. The financing will support increased production capacity, inventory purchases and working capital needs as Optimum Foods continues to expand its reach among nonprofit organizations, school districts, food banks and community partners across the country.
“It has been a pleasure working with Sam Cirelli and the rest of the TAB Bank team on this new facility. It provides the financial flexibility necessary to support our continued growth and deliver more nutritious meals to children and families nationwide,” Troy Hedland, CEO of Optimum Foods, said. “TAB Bank took the time to understand our business model, mission and growth strategy, and we look forward to building a long-term partnership with their team.”
Sam Cirelli, vice president of business development at TAB Bank, added, “This transaction highlights our ability to deliver a comprehensive solution to a growing company. Optimum Foods has aggressive growth plans, and we plan to work right alongside them as they continue expanding their impact through federally supported child nutrition programs.”
