TAB Bank Provides Revolver to Toy Distribution Company
TAB Bank announced it provided an $8 million revolver for a toy distribution company. The new facility is based on accounts receivable and is made available through a multi-year agreement.
TAB Bank announced it provided an $8 million revolver for a toy distribution company. The new facility is based on accounts receivable and is made available through a multi-year agreement.
TAB Bank announced it provided a $2 million revolving credit facility for an energy services company based on accounts receivable and made available through a multi-year agreement.
TAB Bank said it has promoted Jan Allen Ackley to SVP and chief lending officer. He will oversee TAB’s Equipment Finance and Leasing, A/R Financing and Asset-Based Lending business lines.
TAB Bank announced it provided a $2 million revolving credit facility for a distribution company. The new facility is based on accounts receivable and will provide for the company’s ongoing working capital.
TAB Bank will provide a $3 million revolving credit facility to a chocolate manufacturing company. The multi-year credit agreement is based on A/R and inventory as collateral.
TAB Bank provided a $2 million ABL facility for an aerospace machining company located in the Northeast.
TAB Bank appointed Jan Allen Ackley as VP of ABL. Previously, Ackley served at Comerica Bank, KeyBank, LaSalle Bank/Bank of America, Provident Bank and First Bank, as well as the U.S. Air Force.
Interide Transport closed a $1.5 million revolver with TAB Bank. The new facility is based on accounts receivable and has been extended through a multi-year agreement.
TAB Bank said it provided a $5 million senior revolving credit facility for Cosby Oil Company of Santa Fe Spring, CA.
TAB Bank said it has provided a rediscount credit facility for Fast A/R Funding, a specialty finance company that provides working capital facilities for companies through factoring receivables.