TAB Bank Empowers a Michigan-based Global Manufacturer with a $7 Million ABL Facility
2024年7月11日 - 9:43PM
TAB Bank has provided a new asset-based lending (ABL) facility to a
premier international contract manufacturer based in Michigan.
TAB’s flexible financial solutions will significantly accelerate
the company’s growth and success.
This ABL facility features a credit limit of $7 million. This
financial support will enable the manual/semi-automated assembly
manufacturer to further improve its operations and continue to
deliver exceptional process design and supply chain management
expertise.
The manufacturer’s global reach allows it to engineer,
manufacture, assemble and deliver solutions for its clients.
Renowned for its custom metal fabrication and machining services,
the company serves various industries including automotive, office
furniture, classroom seating and optical silicone products. Its
extensive service offerings include laser cutting, welding,
injection molding, wire processing and upholstery. The facility
will also strengthen a company division that focuses on developing
and manufacturing premium optical silicone products for
transportation, commercial lighting, machine vision and appliance
industries.
About TAB BankAt TAB Bank, our mission is to
unlock dreams with bold financial solutions that empower
individuals and businesses nationwide. We are committed to making
financial success accessible to everyone through our innovative
banking products. Our dedication drives us to continuously improve,
ensuring that we meet the evolving needs of our clients with
excellence and agility. For over 25 years, we have remained
steadfast in offering tailored, technology-enabled solutions
designed to simplify and enhance the banking experience.
For more information about how we can help you achieve your
financial dreams, visit www.TABBank.com.
Contact Information:Trevor MorrisDirector of
Marketing801-710-6318trevor.morris@tabbank.com