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SanSegal Sportswear gets fund from TAB Bank
13 May '11
1 min read
TAB Bank announces the funding of an $8 million asset-based credit line tied to A/R and inventory for SanSegal Sportswear, Inc. of Sandy, UT.
SanSegal Sportswear is a national sportswear company that has been in business since 1978. SanSegal sells directly to corporate retail clients. They offer merchandise in all 50 states, Canada, and four foreign countries. Their products and services include screen printing, embroidery, laser sculpting of fabric, garment design, and manufacturing and importing for the resort, retail, and catalog markets. SanSegal uses state of the art production equipment and has its own art department with over 12,000 designs in their portfolio. They also feature an innovative and forward-thinking product known as Green Brand that is made of 100% recycled fabrics.
TAB Bank is excited to be working with such an inventive and pioneering company as they continue to bring their dynamic products to the marketplace. The relationship required a custom working capital solution in order for SanSegal to have the liquidity necessary to continuing serving their customers and growing their business. TAB was able to work with the management team at SanSegal to craft a financial solution to make this happen.
SanSegal Sportswear is a national sportswear company that has been in business since 1978. SanSegal sells directly to corporate retail clients. They offer merchandise in all 50 states, Canada, and four foreign countries. Their products and services include screen printing, embroidery, laser sculpting of fabric, garment design, and manufacturing and importing for the resort, retail, and catalog markets. SanSegal uses state of the art production equipment and has its own art department with over 12,000 designs in their portfolio. They also feature an innovative and forward-thinking product known as Green Brand that is made of 100% recycled fabrics.
TAB Bank is excited to be working with such an inventive and pioneering company as they continue to bring their dynamic products to the marketplace. The relationship required a custom working capital solution in order for SanSegal to have the liquidity necessary to continuing serving their customers and growing their business. TAB was able to work with the management team at SanSegal to craft a financial solution to make this happen.
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