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.
Contact Information:
Contact Information:
Trevor Morris
Marketing Manager
801-624-4418
trevor.morris@tabbank.com