TAB Bank

November 21, 2011 09:15 ET

TAB Bank Provides $3 Million Facility for Snap Advances

OGDEN, UT--(Marketwire - Nov 21, 2011) - TAB Bank is pleased to announce that it has provided a $3 million facility through a multi-year agreement for Snap Advances, LLC of North Salt Lake, UT.

Snap Advances is a merchant cash advance company that was founded in Utah in 2009 and currently maintains offices in Utah and New York City. Snap Advances provides quick access to working capital for their clients through their simple merchant cash advance program. They also offer additional resources, tools, and guidance to help their clients grow and manage their business.

"We are very pleased to enter into this new agreement with TAB Bank. In the current economic environment small businesses are finding it increasingly difficult to secure the financing necessary to operate and enhance their companies. The Snap Advances - TAB partnership ensures that vital liquidity will be available to ensure the continued success of these merchants across the United States. This new facility will enable us to continue growing and expanding our business in concert with the needs of our customer base. TAB Bank has provided excellent support and we look forward to a long and mutually beneficial relationship in the years to come with TAB as our financial partner," stated Mike Landau, Co-CEO and Co-Founder of Snap Advances.

Snap Advances 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 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
    Twitter - @TABBank
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