TAB Bank funded a $15 million asset-based line of credit for a new client that manufacturers and distributes consume packaged goods throughout North America and is beginning to further expand internationally.
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 Bank entered into a multi-year agreement with Hammond’s Candies to provide a revolving credit facility of $7.5 million. The facility will be used to support the company’s working capital needs as it continues to grow and expand the reach of its portfolio.
Bridge Bank closed a $25 million credit facility with Targeted Lease Capital, a Williamsville, NY-based company that provides equipment finance loans to small businesses.
TAB Bank provided The Good Bean, a California-based manufacturer and wholesaler of plant-based foods, with a $4 million revolving credit facility.
TAB Bank entered into a multi-year agreement with Diff Eyewear to provide a $4 million revolving credit facility. The facility was used to refinance the company’s existing senior debt and provide for the company’s ongoing working capital needs.
TAB Bank is opening a Los Angeles Loan Production Office to better serve its new and existing clients in the Western Region.
TAB Bank closed a $1.5 million revolving credit agreement for a California-based manufacturer.