OGDEN, Utah, Oct. 25, 2022 (GLOBE NEWSWIRE) — TAB bank is pleased to announce that it has provided a $5 million asset-based credit facility to a beverage company based in British Columbia, Canada. The new facility is being extended by a multi-year contract and will meet the Company’s ongoing working capital needs. In addition, TAB Bank’s new facility enables the company to break away from a smaller community bank and pursue aggressive growth targets.
The company’s business includes filling and decorating aluminum cans, as well as applying/brokering packaging materials and printing labels and sleeves for the North American beverage market.
About the TAB bank
TAB Bank offers tailor-made working capital solutions for trading companies in a variety of industries. These solutions can be customized to meet the needs of organizations at all stages of the business lifecycle and in all 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 financing. TAB’s lending options can also be combined with a full suite of commercial banking solutions and treasury management services.
RyanGabriel is Vice President and Business Development Officer of TAB Bank, based in Seattle. He has over 20 years of experience structuring asset-based entities to meet clients’ needs. He can be reached at 206.391.9886 or at ryan.gabriel@tabbank.com.
Contact information:
Trevor Morris
Marketing Manager
801-624-5172
trevor.morris@tabbank.com
Twitter – @TABBank
Facebook – facebook.com/TABbank
