OGDEN, Utah, Jan. 26, 2017 (GLOBE NEWSWIRE) -- A food distribution company in California has chosen TAB Bank for a $3.5 million asset-based lending facility. The facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company is a global supply chain provider of organically grown and non-GMO food products. They distribute items such as seeds, grains, edible oils, coconut oil, and other food items such as soy protein, lentils, peas, and sugar. They sell these goods primarily to large grocery retailers and food service providers.
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.
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.