SOURCE: TAB Bank

TAB Bank

September 02, 2011 09:00 ET

TAB Bank Provides $31.96 Million to 7 Companies in August

OGDEN, UT--(Marketwire - Sep 2, 2011) - TAB Bank provided $31.96 million in working capital facilities for 7 businesses during the month of August. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • One revolving working capital line of credit totaling $7 million
  • One A/R line of credit for $10 million
  • Three participation loans totaling $11 million
  • Two capital lease purchases from lease originators for $3.96 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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