OGDEN, UT--(Marketwired - Jul 25, 2013) - Interide Transport LC of Salt Lake City, UT has chosen TAB Bank for a $1.5 million revolving credit facility. The new facility is based on accounts receivable and has been extended through a multi-year agreement.
TAB Bank (@TABBank) provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Accounts, and Treasury Management Services.
Founded in 2010, Interide Transport combines decades of experience and state-of-the-art technology with a nationwide, asset-based network of equipment options to provide shippers with exceptional service and support. They facilitate the hauling of flatbed and refrigerated freight through a fleet of 75 trucks and 110 trailers.
"Obtaining this credit facility is a significant step in the growth and expansion plans of Interide Transport. The funding we have received from TAB Bank and will continue to receive will enable us to pursue new opportunities and advance our goals as never before. I am very excited to work with the professionals at TAB well into the future," stated Steven Gadd, Vice President of Interide Transport.
TAB Bank is very excited to provide funding to another transportation company as they continue to grow their business and succeed in today's economic environment.