OGDEN, UT--(Marketwire - Jan 4, 2013) - TAB Bank is pleased to announce that it has provided a $2.5 million senior revolving credit facility through a multi-year agreement for Eagle One Golf of Anaheim, CA.
TAB Bank (@TABBank) provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Accounts, and Commercial Banking Services.
Eagle One Golf designs and manufactures thousands of environmentally friendly, durable and aesthetic products for golf courses, parks, tennis courts, resorts, hotels, and restaurants. Eagle One Golf is recognized as an industry leader in introducing recycled plastic lumber products into the golf industry and the company continues to lead the way in design, durability, and appearance, while at the same time protecting the environment.
"Our new credit facility with TAB Bank has enabled us to do many things. For one, proceeds from this facility were used to complete our recent acquisition of Fore-Par of Buena Park, CA. Fore-Par has served the golf industry for many years and they have a tremendously successful and well developed business. We were very excited to recently complete this transaction, and with TAB's help, we were able to make that happen. The combined Eagle One and Fore-Par businesses have the combined resources and experience to create new and exciting opportunities as we begin a new year. The new facility with TAB also gives us very firm financial footing to pursue other growth objectives and to serve our customers with the products and service they have come to expect from Eagle One Golf," commented Paul Cherrie, President of Eagle One Golf.
TAB Bank is very excited to provide funding to an innovative and industry-leading company such as Eagle One Golf as they continue to build their business in today's economic environment.