Zions Bancorporation completed an asset-based lending deal with a distributor of automation equipment and systems. The bank’s division in Colorado, Vectra Bank, provided the credit facility to its existing client.
Following are details:
- Loan Amount: $9,000,000
- Industry: Distribution
- Structure: Revolving Line of Credit
The ABL revolving line of credit provides a flexible and scalable structure that will help the distributor achieve its strategic goals. Credit approval required; terms and conditions apply.