TAB Bank Provides Distribution Company in New York with a $15 Million Revolving Credit Facility

Image of a myriad of kitchen utensils on a kitchen counter | TAB Bank

OGDEN, Utah, Jan. 13, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $15 million revolving credit facility for a distribution company headquartered in New York. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is an importer and wholesale distributor of kitchen products. Their product lines include kitchen gadgets, tools, dinnerware, flatware, bakeware, and other related items.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.

Tim Green is TAB Bank’s Vice President and Business Development Officer based in St. Louis. Tim is an industry veteran in developing relationships with commercial businesses and helping them secure financing to successfully grow and manage their companies. He can be reached at 573-846-6652 or at tim.green@tabbank.com.

About the Author

Trevor Morris

Trevor is a skilled, experienced, and passion-filled marketing and communications professional. He brings creativity and innovation to any project, task, or assignment he undertakes. He is able to clearly communicate ideas in any communication setting or communication medium and particularly enjoys opportunities to teach, mentor, and coach. <br><br>Trevor currently serves in the role of Director of Marketing at TAB Bank. TAB Bank is a commercial bank founded in 1998 and located in Ogden, UT. TAB serves the needs of small- to mid-size businesses through accounts receivable financing, asset-based loans, equipment loans, commercial equipment leases, business accounts and card products, and commercial banking services.

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