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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
TAB Bank Provides $10MM Asset-based Revolving Loan to Mobility Trust Group
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Lenders/Participants
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TAB Bank [Lender]
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Structure
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Asset-based Warehouse Line of Credit
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Amount
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$10.000
Million
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Borrower(s)
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Mobility Trust Group
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Description
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The loan enables Mobility Trust to secure the liquidity needed for growth while continuing to focus on the needs of a vital and underserved community. In addition to expanding Mobility Trust’s capacity to finance wheelchair-accessible vehicles, the $10 million warehouse line of credit loan will also enable the company to grow its home modification and accessibility equipment divisions, financing essential products such as wheelchairs, stair lifts, home transfer systems, and home elevators.
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Industry
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Specialty Industries
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Location
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VA
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| Related Tags |
TaB Bank
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ABL Advisor
Deal Tables
2024
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