OGDEN, UT--(Marketwired - Aug 31, 2015) - TAB Bank is pleased to announce it has provided a $5 million revolving credit facility for a trucking company based in California. Funding from the facility was used to pay off the company's previous lender and will provide for their ongoing working capital needs. In addition, TAB Bank also provided the company with a $5.9 million equipment term loan to refinance various pieces of equipment.
The company serves the crude oil transportation and logistics needs of major U.S. crude oil producing regions. They operate 139 tractors and 183 trailers and transport approximately 1.5 billion gallons of oil annually.
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.
Jefferey Hogg is TAB Bank's Vice President and Business Development Officer based in Ogden, UT. Jeff focuses on creating and cultivating relationships with trucking companies and trucking professionals. He covers a territory that includes the states of Utah, Nevada, California, Arizona, and New Mexico. Jeff can be reached at 801-628-8559 or at jeff.hogg@tabbank.com.
Contact Information:
Contact Information:
Trevor Morris
Director of Marketing
801-624-5172
trevor.morris@tabbank.com
Twitter - @TABBank
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