Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,582.98
    +532.54 (+0.81%)
     

  • CMC Crypto 200

    1,438.32
    +14.22 (+1.00%)
     

  • FTSE 100

    8,087.59
    +42.78 (+0.53%)
     

  • Gold

    2,328.00
    -14.10 (-0.60%)
     

  • Crude Oil

    83.01
    -0.35 (-0.42%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

TAB Bank Provides Chemical Manufacturer in Texas with a $9 Million Asset-Based Credit Facility

TAB Bank
·1-min read

OGDEN, Utah, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company develops and manufactures chemicals for the energy and industrial markets. Products include corrosion inhibitors, surfactants, biocides, and many others.

About TAB Bank

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.

ADVERTISEMENT

Chris Mitchell is TAB Bank’s Vice President and Business Development Officer based in Atlanta. He has over 25 years of experience developing client relationships and structuring credit facilities in the asset-based lending and factoring arena. He can be reached at 404.432.7657 or at chris.mitchell@tabbank.com.

Contact Information:

Trevor Morris
Director of Marketing
801-624-5172
trevor.morris@tabbank.com
Twitter - @TABBank
Facebook – facebook.com/TABbank