TAB Bank Provides Transportation Company in California with a $10.5 Million Asset-Based Credit Facility

Ogden, Utah, UNITED STATES


OGDEN, Utah, Oct. 12, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a transportation company in California with a $10.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company hauls all different types of freight across all 50 states. They feature live 24/7 dispatch, highly specialized drivers, a new fleet featuring air-ride and CARB certified equipment, and a network of owner-operators all over the US. The company’s fleet includes power-only units, reefers, dry vans, expedited van delivery for smaller loads, and other specialized trucking equipment.

About TAB Bank

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.

Ryan Gabriel is TAB Bank’s Vice President and Business Development Officer based in Seattle. He has over 20 years of experience in structuring asset-based facilities to meet client needs. He can be reached at 206.391.9886 or at ryan.gabriel@tabbank.com.

Contact Information:

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



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