SOURCE: TAB Bank

TAB Bank

May 05, 2011 11:30 ET

TAB Bank Provides Swanberg USA Inc. With $3 Million Senior Credit Facility

OGDEN, UT--(Marketwire - May 5, 2011) - TAB Bank announces it has made available up to $3 million in an A/R line for Swanberg USA Inc. of Houston, TX.

Swanberg has a 79 year legacy of providing service to the energy industry in a safe and efficient manner. This innovative and forward-thinking company provides trucking, heavy haul, and rig relocation services to leading producers from around the world. They also provide general freight services throughout the United States and South America.

TAB Bank was able to understand Swanberg's unique needs and tailor a financial solution that will enable this company to continue on their path of success and growth. TAB is excited to be able to assist Swanberg as they move forward in today's economic climate.

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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