Bluejay Advisors is pleased to announce that TAB Bank has provided a $6.1 million asset-based credit facility for a ELS ,a flatbed trucking company specializing in moving steel, construction materials, and heavy equipment. The $6.1 million credit facility will be utilized for fleet expansion and working capital to help fund organic growth.
The financing structure provided a favorable combination of the flexibility afforded by a factoring line of credit and a structured asset-based lending facility.
