TAB Bank funded a $5 million dollar asset-based credit facility to a provider of oilfield chemical formulations and field services, which used the facility to refinance its existing lender and provide growth capital.
“TAB is excited to partner with this company and we look forward to supporting their working capital needs so they can continue to grow, expand and reach their full potential. It became clear working with this management team that they are committed to being the very best at their craft and being a true partner to their clients. This is something we strive for at TAB and will do our best to emulate the example that they have set,” Brett Horwitz, managing director and head of originations for the western region for TAB Bank, said.
