TAB Bank Provides $65.6 Million in Working Capital Facilities in November

OGDEN, UT--(Marketwire - Dec 6, 2011) - TAB Bank provided $65.6 million in working capital facilities for several businesses during the month of November. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

• Four A/R lines of credit totaling $16.2 million
• One ABL line of credit for $7 million
• 23 Equipment Loans for $5.5 million
• Three participation loans totaling $8.2 million
• Four capital lease purchases from lease originators for $4.8 million
• A student loan portfolio acquisition for $23.9 million

TAB Bank has assets in excess of $700 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, and equipment loans. TAB Bank provides working capital solutions to small- and medium-sized transportation and non-transportation businesses in all stages of a company's business life cycle no matter the economic climate.