TAB Bank Provides Medical Manufacturing Company in New York with a $500 Thousand Revolving Credit Facility

A person wearing a lab coat and gloves standing in front of the table holding a pipette. The table has a container of short glass containers, behind a smaller container that has a few small glass containers. - TAB Bank

OGDEN, Utah, April 11, 2019 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $500 thousand revolving credit facility for a medical manufacturing company based 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 manufactures saliva specimen collection materials for medical testing and lab analysis.

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.

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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