SOURCE: TAB Bank

TAB Bank

October 11, 2011 09:30 ET

TAB Bank Provides $25.5 Million in Working Capital Facilities in September

OGDEN, UT--(Marketwire - Oct 11, 2011) - TAB Bank provided $25.5 million in working capital facilities for several businesses during the month of September. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Two A/R lines of credit totaling $4.5 million
  • 29 Equipment Loans for $11 million
  • Six participation loans totaling $7 million
  • Three capital lease purchases from lease originators for $3 million

TAB Bank has assets in excess of $600 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, and equipment loans. TAB Bank provides working capital solutions to small- and medium-sized transportation and non-transportation businesses in all stages of a company's business life cycle no matter the economic climate.

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