TAB Bank closed a $5 million lender finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses and fresh produce exporters in Mexico. This partnership enables the agriculture finance company to expand its operations and empower small- to mid-size growers globally by supporting their funding needs.
“Small profit margins and complex international transactions create significant hurdles for growers looking to secure their receivables. Our new client and their financial solutions alleviate those pressures, allowing growers to focus on growing their businesses,” Jerry Clinton, managing director of corporate underwriting at TAB Bank, said. “TAB Bank is happy to extend that same opportunity to this innovative company — providing the capital they need to scale their business and continue their mission of supporting the agricultural community worldwide.”
