TAB Bank has extended a $3.5 million factoring facility with a $1.5 million inventory sublimit to Cadillac Coffee. The new facility will provide funding, service and support for the company so it can continue providing customer satisfaction, delivered through its line of coffee and tea products.
“We are very pleased to have funded this credit facility with our new friends at TAB Bank,” Rick Gehlert, owner of Cadillac Coffee, said. “The entire TAB Bank team stepped right up and got to know us and our story. It was a real pleasure to work with their team as we collaborated together on the best possible funding solution for our company. We are very excited to be working with them.”
Aaron Brand, vice president of business development at TAB Bank, added, “Selecting the right financial partner means choosing one that truly understands the ins and outs of your business. TAB Bank has nearly three decades of experience supporting small to medium-sized commercial businesses, enabling us to deliver customized solutions that bring value to our clients.”
