TAB Bank provided The Good Bean, a California-based manufacturer and wholesaler of plant-based foods, with a $4 million revolving credit facility.
The facility was used to provide for The Good Bean’s ongoing working capital needs as it continues grow and expand the reach of its portfolio of healthy plant-based snacks, confections and other items.
“For a growing company, working with a trusted source of working capital is a necessity, but partnering with my colleagues at TAB reaches beyond a banking relationship into a sustained partnership that is supportive and aligned in a way that is rare, in my experience. I look forward to us growing together in the years to come,” Sarah Wallace, co-founder and CEO of The Good Bean, said.
”TAB is excited to partner with The Good Bean to support their mission to bring healthy and nutritious bean and plant-based snack products to the masses. TAB was able to understand the dynamic working capital requirements of this business and deliver the right solution. We are excited to be the company’s financial partner and look forward to building a long and successful working relationship,” Brett Horwitz, managing director and head of originations in the western region at TAB Bank, said.
