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Oct 9, 2025 12:00 PM

TAB Bank Extends a $11.5 Million Asset-Based Lending Facility for Prometco Metals Corporation

OGDEN, Utah, Oct. 09, 2025 (GLOBE NEWSWIRE) -- TAB Bank has closed a $11.5 million asset-based lending facility for Prometco Metals Corporation, including a $500 thousand term loan. The funds will help the distributor and processor of stainless steel and aluminum coil products accelerate growth and maintain its position as a premier provider of metal products in North America.

Prometco was founded in 1991 with the intent to process and distribute stainless steel and aluminum slit coil products. In addition, its founders have over 60 years combined experience in the metals industry and are dedicated to producing a quality product at a competitive price with exceptional customer service. They are focused on shipping quality metal products ...