OGDEN, Utah, March 05, 2026 (GLOBE NEWSWIRE) -- TAB Bank closed a $2.5 million asset-based lending facility, which includes a $1.5 million inventory subline for Precision Assembly, Inc. The capital provided from this credit facility will create opportunities for Precision Assembly to accelerate growth, while advancing their goals of providing quality parts and components for their customers.
Based in Utah, Precision Assembly is a contract electronics manufacturing services provider specializing in printed circuit board assembly and related engineering support through design, layout, prototyping, and surface-mount assembly for their customers in the medical, dental, education, transportation, law enforcement, industrial, mining, and farming industries.
“TAB Bank was wonderful to work with. They were very attentive to our financing needs and provided great solutions for this credit facility. They are very friendly and I would recommend them as a trusted banking partner,” stated Mauro Carlini, CFO of Precision Assembly.
TAB Bank offers customized financial solutions for small to mid-sized businesses across various industries. Services include asset-based lending, equipment financing and working capital solutions tailored to help companies scale and thrive.
About TAB Bank
At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 27 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience.
For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.
Contact Information:
Trevor Morris
Director of Marketing
801-710-6318
trevor.morris@tabbank.com
