Mechanical Supply Company in California Chooses TAB Bank for a $2 Million Revolving Credit Facility

Image of pipes that are used to control fluid flows in a commercial setting - TAB Bank

OGDEN, Utah, July 16, 2019 (GLOBE NEWSWIRE) -- A mechanical supply company based in California has chosen TAB Bank for a $2 million working capital revolving credit facility.  The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is a full-service distribution company that specializes in fluid sealing and handling products and services for the California and Nevada markets.

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.  In addition, TAB provides card and loan sponsorship programs through its strategic partnership product suite.

Brett Horwitz is TAB Bank’s Vice President and Business Development Officer based in Southern California.  Brett has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena.  Brett can be reached at 949.466.5255 or at brett.horwitz@tabbank.com.

If you are looking to use your accounts receivable to help you grow your business we have an ebook titled, When do you know you need A/R financing? This ebook can help you understand the why and the how to get the financing you need for your growth initiatives.

When do you know you need A/R financing?

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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