SOURCE: TAB Bank

TAB Bank

January 21, 2011 11:15 ET

TAB Bank Announces Fourth Quarter Fundings

OGDEN, UT--(Marketwire - January 21, 2011) - TAB Bank provided $54 million in working capital facilities for 22 businesses during the fourth quarter of 2010. The facilities included asset-based lines, accounts receivable lines, re-discount lines, equipment loans and lender participations.

Highlights of those transactions include:

  • $10,000,000 asset based line for a California specialty finance company
  • $10,000,000 AR line to a Midwest trucking company
  • $5,000,000 asset based line for a Wisconsin trucking company
  • $4,000,000 AR line to a trucking company in Iowa
  • $3,900,000 participation with a Utah bank on an asset based loan
  • $3,100,000 in equipment finance for a California trucking company
  • $3,000,000 AR line to a Kentucky trucking company
  • $3,000,000 facility for a product fulfillment company in the Western US
  • $2,000,000 AR line to a Texas based trucking company
  • $1,200,000 AR line to a Arkansas trucking company
  • $1,000,000 facility for a IT engineering company in California
  • $1,000,000 AR line for a Ohio trucking company

TAB Bank provides working capital solutions to transportation and non-transportation companies in all stages of business life cycles during all economic conditions. TAB Bank does so through Accounts Receivable Financing, Lines of Credit, Equipment Loans and Asset Based Loans

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