OGDEN, UT--(Marketwire - Jul 14, 2011) - TAB Bank provided $62 million in working capital facilities for 26 businesses during the second quarter of 2011. These facilities were provided for companies across a broad spectrum of industries.
The new transactions are categorized as the following:
- Five asset-based lines of credit totaling $15 million
- Six A/R lines of credit for $12.3 million
- Two re-discount lines of credit for $6 million
- Nine participation loans totaling $20 million
- Four capital lease purchases from lease originators for $8.7 million
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:
Contact Information:
Trevor Morris
Marketing Manager
801-624-4418
trevor.morris@tabbank.com