TAB Bank closed a $7 million asset-based lending facility, which includes a $2.5 million inventory subline and a $70,000 term loan, for Certified Flux Solutions. The capital provided from this credit facility will allow Certified Flux Solutions to expand its operations, while furthering its core values.
“We first approached Chris Mitchell from TAB’s business development team regarding our needs for an asset-based lending facility. Chris was extremely helpful and responded in a timely manner regarding our questions and concerns,” Sharon Chase, accounting manager at Certified Flux Solutions, said. “We were then introduced to Brock Abel and Sam Hanlin from TAB’s underwriting and portfolio management teams. Throughout the approval process, Brock and Sam provided critical assistance and support as we worked toward setting up our line. Once we closed on the loan, we have been thoroughly guided through the steps of utilizing our line of credit and accessing TAB’s suite of reports. The entire process has been outstanding. I completely and wholeheartedly recommend TAB to other commercial entities for their financing needs.”
