TAB Bank Provides Manufacturing Company in Texas with a $4.5 Million Revolving Credit Facility

Image of wireline equipment hanging from top drive ready to be lowered downhole for logging. An oil well engineer works from the back of specialized van to log the condition of steel casing inside an oil well. | TAB Bank

OGDEN, Utah, Sept. 09, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $4.5 million asset-based revolving credit facility for manufacturing company based in Texas.  The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

The company designs and manufactures wireline services used by their clients in the oil and gas industry.

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.

If you are looking for alternative financing options and need some general information, check out our eBook titled, The Unsung Value of Effective Asset Management.  Click on the tile below to download the eBook now.

 

The Unsung Value of Effective Asset Management

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.

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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