OGDEN, Utah, May 10, 2023 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a geoscience company in Alaska with a $2 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.
The company is an environmental testing, sampling, and pre-remediation services company that specializes in soil sampling, groundwater sampling, membrane interface probing, gas chromatography, augur drilling, well monitoring, and bioremediation services.
Prior to coming to TAB Bank, the company was using an expensive factoring facility with a publicly traded lender that had recently been acquired by a larger New York based bank, prompting the client to seek a better lending relationship. TAB is very pleased to be that “better lending relationship”.
About TAB Bank
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.
Ryan Gabriel is TAB Bank’s Vice President and Business Development Officer based in Seattle. He has over 20 years of experience in structuring asset-based facilities to meet client needs. He can be reached at 206.391.9886 or at ryan.gabriel@tabbank.com.
Contact Information:
Trevor Morris
Director of Marketing
801-624-5172
trevor.morris@tabbank.com
Twitter - @TABBank
Facebook – facebook.com/TABbank
