OGDEN, UT--(Marketwire - February 23, 2011) - TAB Bank is pleased to announce that it has provided a $10 million facility for GemCap of Santa Monica, CA.
GemCap provides Asset-Based Loans, ranging from $1 million to $10 million as a senior secured lender.
GemCap is recipient of TAB's expanded offering, the Lender Solutions Suite, which primarily provides funding for specialty finance companies such as factors, asset-based lenders, inventory financers, purchase order funders and the like. TAB focuses on companies with experienced management in need of facilities ranging from $3 million to $10 million.
Tim Valdez, TAB's Chief Lending Officer, noted, "GemCap's experienced management, with a distinguished operating and lending background, made them a perfect partner in TAB's portfolio."
Contact Information:
Eric Myers
Director of Marketing
801-624-4153