TAB Bank announced it has provided a $4.5 million asset-based credit facility for a logistics and supply chain management company with operations in California and the Northeast.  The new facility will pay off the company’s previous lender and provide working capital to fuel their growth.  In addition to the credit facility, TAB Bank has also provided the company with a $1.5 million term loan to finance the acquisition of new equipment for the purpose of supporting several new contracts.

The company is a complete provider of supply chain management solutions.  They maintain operations in New Jersey, California, and Florida with over 1,000,000 square feet of combined warehouse space.

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.