SOURCE: TAB Bank

TAB Bank

August 10, 2011 08:30 ET

TAB Bank Announces July 2011 Fundings

OGDEN, UT--(Marketwire - Aug 10, 2011) - TAB Bank provided $9.75 million in working capital facilities for 9 businesses during the month of July. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • One asset-based line of credit totaling $5 million
  • Five A/R lines of credit for $2.25 million
  • Two participation loans totaling $2.25 million
  • One capital lease purchase from lease originator for $250,000

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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