SOURCE: TAB Bank

TAB Bank

July 14, 2011 09:30 ET

TAB Bank Announces Second Quarter Fundings

OGDEN, UT--(Marketwire - Jul 14, 2011) - TAB Bank provided $62 million in working capital facilities for 26 businesses during the second quarter of 2011. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Five asset-based lines of credit totaling $15 million
  • Six A/R lines of credit for $12.3 million
  • Two re-discount lines of credit for $6 million
  • Nine participation loans totaling $20 million
  • Four capital lease purchases from lease originators for $8.7 million

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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