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Mar 5, 2026 12:01 PM

Precision Assembly Chooses TAB Bank for a $2.5 Million Asset-Based Lending Facility to Accelerate Growth

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 ...