TAB Bank provided a beverage company based in British Columbia, Canada with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition, the new facility from TAB Bank allows the company to move away from a smaller community bank and meet aggressive growth targets.
The company’s business activities include filling and decorating aluminum cans, along with applying/brokering packaging materials and printing labels and sleeves for the North American beverage market.