TAB Bank provided a $2 million lender finance credit facility to a factoring company in Florida. The new facility is extended through a multi-year agreement and will enable the company to pursue more aggressive growth strategies.
TAB Bank provided a $9 million asset-based credit facility to a chemical manufacturer in Texas. The facility included a $6 million accounts receivable and inventory line and a $2 million equipment loan with additional equipment funding available for future capex needs.
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 provided a $500,000 revolving credit facility to a medical staffing company based in Kentucky.
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.