TAB Bank provided a $1 million asset-based revolving credit facility to a machine parts manufacturing company located in Oregon.

The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company manufactures and distributes heavy duty material handling equipment such as screw conveyors and rotary feeders.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. 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.