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TAB Bank provided a $2.5 million senior revolving credit facility through a multi-year agreement for Eagle One Golf of Anaheim, Calif.
Eagle One Golf designs and manufactures environmentally friendly, durable and aesthetic products for golf courses, parks, tennis courts, resorts, hotels, and restaurants. TAB Bank provides custom working capital solutions to commercial businesses from many industries.
“Our new credit facility with TAB Bank has enabled us to do many things,” said Paul Cherrie, President of Eagle One Golf. “For one, proceeds from this facility were used to complete our recent acquisition of Fore-Par of Buena Park, Calif. 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 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.”