TAB Bank closed a $2.25 million asset-based lending facility, which includes a $1 million inventory subline, for Bright Stripes. The capital provided from this credit facility will create growth opportunities for Bright Stripes, while furthering its mission of cultivating the power of creative play to inspire kids to create the world they want to live in.
“From our first meeting, we could tell that the team at TAB Bank was different than most, and we mean that in the very best possible sense of the word. From due diligence right through to the funding of our loan, we experienced a spirit of open communication and genuine partnership by every person on their team we came into contact with,” Sabre Mrkva and Eric von Stein, co-presidents of Bright Stripes, jointly said. “We could not be happier that we were introduced to TAB Bank and we look forward to growing with them in the years to come.”
