TAB Bank provides US$2.25m ABL facility to support Bright Stripes’ growth

TAB Bank has closed a US$2.25m asset-based lending (ABL) facility for Bright Stripes LLC, including a US$1m inventory subline, to support the company’s growth initiatives. The financing is expected to enhance Bright Stripes’ operational capacity while advancing its mission to encourage creative play and inspire children to actively shape the world around them.

Founded in 2019 and headquartered in New Jersey, Bright Stripes focuses on promoting screen-free, hands-on activities designed to foster creativity, skill development, and character building among children. The company offers a diverse range of products, including knitting craft kits, do-it-yourself jewelry kits, portable coloring pads, and other creative play solutions aimed at engaging young audiences through tactile experiences.

Bright Stripes’ leadership highlighted the collaborative approach demonstrated by TAB Bank throughout the lending process, noting that the bank’s team maintained open communication and a partnership-driven mindset from initial discussions through loan funding. The company expressed confidence in the relationship and anticipates continued growth supported by TAB Bank in the years ahead.

TAB Bank specialises in providing customised financial solutions to small and mid-sized businesses across multiple industries. Its offerings include asset-based lending, equipment financing, and working capital solutions designed to help companies scale efficiently and sustainably.

With more than 27 years of experience, TAB Bank remains focused on delivering innovative, technology-enabled banking solutions that simplify financial processes and adapt to the evolving needs of businesses nationwide. The bank continues to emphasize value creation, agility, and excellence in its commitment to empowering clients through tailored financial products.