TAB Bank Provides $45.17 Million in Credit Facilities in February 2012

OGDEN, UT--(Marketwire - Mar 7, 2012) - TAB Bank provided $45.17 million in credit facilities for several businesses during the month of February. 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 $1.75 million
• Three ABL lines of credit for $10.5 million
• 15 Equipment Loans for $4.3 million
• One participation loan totaling $1.1 million
• Two capital lease purchases from lease originators for $1 million
• A student loan portfolio acquisition for $25.8 million
• Two direct operating leases for $720 thousand

TAB Bank (@TABBank) has assets in excess of $800 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, equipment loans, business accounts, and commercial banking services. TAB Bank provides working capital solutions to small- and medium-sized commercial businesses across a wide range of industries. TAB provides these solutions in all stages of a company's business life cycle no matter the economic climate.