SOURCE: TAB Bank

TAB Bank

February 09, 2012 11:00 ET

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.

Contact Information

  • Contact Information:
    Trevor Morris
    Marketing Manager
    801-624-4418
    trevor.morris@tabbank.com
    Twitter - @TABBank
    Facebook - facebook.com/TABbank