SOURCE: TAB Bank

TAB Bank

September 28, 2011 09:00 ET

TAB Bank Provides Augmentity Systems With $3 Million Senior Credit Facility

OGDEN, UT--(Marketwire - Sep 28, 2011) - TAB Bank is pleased to announce that it has provided Augmentity Systems, Inc. of Chicago with a $3 million senior credit facility.

Incorporated in 2001, Augmentity provides a specialized business portfolio that delivers data center infrastructure solutions to mid-market and fortune 500 clients. They also provide technology staffing solutions for short and long-term engagements to a wide variety of organizations.

"We are extremely impressed with TAB Bank's professional approach and their customer focus. We are pleased to have TAB as a partner and look forward to growing our relationship," remarked Robert Nelson, CEO Augmentity.

TAB Bank worked with Fordham Capital Partners of Chicago on the transaction. Fordham structures interim financing solutions to satisfy the specific needs of their clients' unique business situations. They work with small- to medium-sized companies across a variety of industries that require financing not available from conventional sources.

The commercial banking and lending professionals at TAB Bank and Fordham Capital took the necessary time to understand the unique nature of Augmentity's business. They were able to underwrite specifically to meet the dynamic needs of this company and their innovative programs. "The team at Augmentity Systems has been a real pleasure to work with. We are excited they have chosen TAB Bank to be their new lending partner. We look forward to a strong and mutually beneficial relationship for both companies," commented Gary Harding, Chief Lending Officer with TAB Bank.

TAB Bank provides custom working capital solutions to transportation and non-transportation companies in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, and Asset Based Loans.

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