OGDEN, UT--(Marketwired - Apr 28, 2016) - TAB Bank is pleased to announce it has provided working capital funding to two companies located in the Western United States. Each funding represents TAB Bank's belief that small businesses are the heartbeat of the American economy. TAB is committed to providing ongoing financing, service, and support so these companies can flourish and realize their potential.
The first transaction is with a cyber security company located in Arizona. The company provides cyber security products and services to school districts, government offices, power companies, and a variety of other corporate clients. TAB has provided them with a $1.75 million revolving credit facility that will support the company's ongoing working capital needs.
The second transaction is with a company based in California that installs and dismantles tradeshow exhibits and provides services in the commercial construction and remodeling industries. TAB has provided them with a $3 million revolving credit facility. The facility is extended through a multi-year agreement.
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 email@example.com.
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