SOURCE: TAB Bank

TAB Bank

May 28, 2014 08:40 ET

TAB Bank Provides Transportation Company With a $2.5 Million Asset-Based Lending Facility

OGDEN, UT--(Marketwired - May 28, 2014) -  TAB Bank is pleased to announce it has provided a $2.5 million asset-based lending facility for a transportation company located in the Northeast. The company is a long-haul, dry van carrier that operates 66 tractors and 185 trailers. In addition to transportation services, the company also offers warehousing and distribution, packaging and light assembly, and consultation services. Proceeds from the facility will be used to pay off the previous lender and to provide for the ongoing working capital needs of the company. 

TAB Bank 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 Finance, Asset Based Loans, Business Accounts, and Treasury Management Services.

Robert Gole is TAB Bank's Vice President and Business Development Officer based in Atlanta. Robert is an asset-based lending veteran with over thirty years of experience in the industry. He can be reached at 404-202-4870 or at robert.gole@tabbank.com.

Contact Information

  • Contact Information:

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