SOURCE: TAB Bank

TAB Bank

July 19, 2012 08:30 ET

TAB Bank Provides Saksoft With a $1 Million Credit Facility

OGDEN, UT--(Marketwire - Jul 19, 2012) - TAB Bank is pleased to announce it has provided a $1 million credit facility to Saksoft, Inc. of Jersey City, NJ. The new facility is based on accounts receivable and is extended through a multi-year agreement.

TAB Bank (@TABBank) provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, Asset Based Loans, Business Accounts, and Commercial Banking Services.

Saksoft is a leading provider of Information Management solutions to successful organizations around the world. They deliver success by helping clients to consolidate, organize, and manage the vast volume of data they collect. From strategic consultancy and the delivery of niche technical services, to a complete Information Management solution, Saksoft offers end-to-end solutions.

"We are very excited to enter into a new credit relationship with TAB Bank. This credit facility will greatly enhance our cash flow and give us the working capital needed to pursue our growth and expansion objectives," stated Niraj Ganeriwal, CFO of Saksoft, Inc.

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