TAB Bank provided a $5 million asset-based credit facility to a beverage company in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
TAB Bank provided an $8.5 million asset-based credit facility to a California-based textile company. TAB Bank sourced the opportunity through an established broker/consultant relationship, as the company’s previous lender was unable to provide additional availability to meet the company’s increasing sales.
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 added Ryan D. Gabriel to its business development team as vice president and business development officer for the Pacific Northwest and western Canada.
TAB Bank provided a $3 million revolving credit facility to an Idaho-based beverage company. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.
Gina Mackenzie of TAB Bank’s business development team was added to the board of directors for the Northeast chapter of the International Factoring Association and will serve as the chairperson for the chapter’s newly formed Women’s Division.
TAB Bank added Dustin Jacobson to its business development team as vice president and business development officer. Jacobson joined TAB Bank with more than 15 years of experience in the asset-based lending arena.
TAB Bank provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan.
TAB Bank added Nilendu Saha to its executive leadership team as chief technology officer. Saha previously served as director of software engineering/enterprise architecture and head of data services at Patelco Credit Union and Ellie Mae.