OGDEN, UT--(Marketwire - January 21, 2011) - TAB Bank provided $54 million in working capital facilities for 22 businesses during the fourth quarter of 2010. The facilities included asset-based lines, accounts receivable lines, re-discount lines, equipment loans and lender participations.

Highlights of those transactions include:

• $10,000,000 asset based line for a California specialty finance company
• $10,000,000 AR line to a Midwest trucking company
• $5,000,000 asset based line for a Wisconsin trucking company
• $4,000,000 AR line to a trucking company in Iowa
• $3,900,000 participation with a Utah bank on an asset based loan
• $3,100,000 in equipment finance for a California trucking company
• $3,000,000 AR line to a Kentucky trucking company
• $3,000,000 facility for a product fulfillment company in the Western US
• $2,000,000 AR line to a Texas based trucking company
• $1,200,000 AR line to a Arkansas trucking company
• $1,000,000 facility for a IT engineering company in California
• $1,000,000 AR line for a Ohio trucking company

TAB Bank provides working capital solutions to transportation and non-transportation companies in all stages of business life cycles during all economic conditions. TAB Bank does so through Accounts Receivable Financing, Lines of Credit, Equipment Loans and Asset Based Loans. 

Contact Information:

Eric Myers
Director of Marketing
801-624-4153