TAB Bank Provides $47.15 Million in Credit Facilities in January 2012

OGDEN, UT--(Marketwire - Feb 9, 2012) - TAB Bank provided $47.15 million in credit facilities for several businesses during the month of January. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

• Six A/R lines of credit totaling $26.75 million
• One ABL line of credit for $6 million
• 17 Equipment Loans for $8 million
• One participation loan totaling $1.6 million
• Three capital lease purchase from lease originators for $3.6 million
• Two lease portfolio acquisitions for $1.2 million

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.