TAB Bank provides marketing company with Flex Asset-Based credit facility

Wednesday 7 January 2015 09:17 CET | News

US-based financial institution TAB Bank has provided a USD 750,000 Flex Asset-Based credit facility for a marketing company located in the US.

The company is a producer and deliverer of door knob hanging advertisements. The new facility is set to provide for the companys ongoing working capital needs.

A Flex Asset-Based loan from TAB Bank combines the flexibility of a factoring line of credit with the structure of an asset-based lending facility. With this type of financing, a business borrower can receive liquidity based on accounts receivable and eligible inventory.

TAB Bank provides custom working capital solutions to commercial businesses from many industries. TAB Bank does this through accounts receivable financing, lines of credit, equipment finance, asset-based loans, business accounts, and treasury management services.

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Keywords: TAB Bank, marketin, g company, Flex, Asset-Based, credit, facility, working capital, accounts receivable, lending, factoring, finance, asset-based loans, business accounts, treasury, management
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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