TAB Bank Provides Transportation Company With a $1.2 Million Revolving Credit Facility

OGDEN, UT--(Marketwired - Feb 5, 2016) - TAB Bank is pleased to announce it has provided a $1.2 million revolving credit facility for a transportation company based in Georgia. The facility is based on accounts receivable and will provide for the company's ongoing working capital needs.

The company was a courier service and then diversified into a parts delivery business. Their core business is providing dedicated scheduled parts delivery service for automotive, truck, and construction equipment parts in several states in the Southeastern United States.

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.

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