SOURCE: TAB Bank

TAB Bank

December 12, 2011 09:15 ET

TAB Bank Funds AccuCredit Associates With a $7 Million Lending Facility

OGDEN, UT--(Marketwire - Dec 12, 2011) - TAB Bank is pleased to announce that it has funded AccuCredit Associates of Hackensack, NJ with a $7 million lending facility.

AccuCredit was founded in 1996 and is part of the RAI Group of companies. AccuCredit possesses the experience and expertise to provide under-capitalized, small to mid-sized companies with tailor-made, accounts receivable financing programs. In addition to traditional accounts receivable financing, AccuCredit specializes in operating and funding private label consumer credit programs.

"I am confident our new relationship with TAB Bank will be a great advantage for us as we continually look for ways to grow our business and serve our customers. The financing they are providing will enable us to remain strong and competitive in today's unpredictable economic climate. I am very pleased with the level of service and support we have received from TAB's team of commercial financing professionals. I look forward to working with them as our financial partner," commented Bette Gandelman, COO of the RAI Group.

AccuCredit is a recipient of TAB's expanded offering, the Lender Solutions Suite. These products and services primarily provide funding for specialty finance companies that offer factoring, asset-based lending, inventory financing, purchase order funding, and the like. TAB focuses on companies with experienced management in need of facilities ranging from $3 million to $10 million.

TAB Bank (@TABBank) provides custom working capital solutions to companies in all stages of the business life cycle during all economic conditions.

Contact Information

  • Contact Information:
    Trevor Morris
    Marketing Manager
    801-624-4418
    trevor.morris@tabbank.com
    Twitter - @TABBank
    Facebook - facebook.com/TABbank