SOURCE: TAB Bank

TAB Bank

December 10, 2015 10:40 ET

TAB Bank Provides Lumber Distribution Company With a $1.7 Million Revolving Credit Facility

OGDEN, UT--(Marketwired - Dec 10, 2015) - TAB Bank is pleased to announce it has provided a $1.7 million revolving credit facility for a lumber distribution company located in the Intermountain West. The new facility will pay off the company's previous lender and provide working capital to fuel their growth. In addition to the credit facility, the company will also be utilizing TAB Bank's suite of Treasury Management Services to manage their cash flow and control expenses.

The company is a nationwide wholesale lumber distributor, truck brokerage, and mill partner in the lumber industry.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB's lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.

Shane O'Grady is TAB Bank's Vice President and Business Development Officer based in Phoenix, AZ. Shane is a seasoned veteran in developing client relationships and creating lending solutions that help small and medium-sized business realize their potential. Shane can be reached at 480.209.5400 or at shane.ogrady@tabbank.com.

Contact Information

  • Contact Information:

    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com
    Twitter - @TABBank
    Facebook - facebook.com/TABbank