TAB Bank Provides Cox Logistics With a $2.5 Million Credit Facility

OGDEN, UT--(Marketwire - Dec 15, 2011) - TAB Bank is pleased to announce that it has provided Cox Logistics, LLC of Lone Star, TX with a $2.5 million credit facility based on accounts receivable. This new multi-year agreement gives Cox Logistics the liquidity it needs to operate and continue growing their business.

Cox Logistics is a family run business that was started in 2005. The company focuses on oil field trucking and pipe yard management. In addition to these services, Cox Logistics started a refrigerated trucking division in 2010 as an effort to diversify its services and expand into new markets and relationships. The management team at Cox Logistics is constantly seeking new opportunities for growth and future business while maintaining existing customer relationships. They pride themselves in being able to adapt and mobilize quickly to keep up with the needs of their customers in all segments of the industry.

TAB Bank is excited to partner with another quality company in the transportation and logistics industry. "We are also excited with our new financial partnership with TAB Bank," stated Keith Strickland, CFO of Cox Logistics. "They are industry leaders in providing financing solutions, service, and support to companies in our industry. Working with their team of trucking and banking professionals has been and will continue to be a great asset for our business."

TAB Bank (@TABBank) 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.