TAB Bank Provides $30 Million in Working Capital Facilities in October

OGDEN, UT--(Marketwire - Nov 7, 2011) - TAB Bank provided $30 million in working capital facilities for several businesses during the month of October. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

• Four A/R lines of credit totaling $11 million
• Two ABL lines of credit for $3.75 million
• 56 Equipment Loans for $14.2 million
• One participation loan totaling $750 thousand
• One capital lease purchase from a lease originator for $300 thousand

TAB Bank has assets in excess of $600 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, and equipment loans. TAB Bank provides working capital solutions to small- and medium-sized transportation and non-transportation businesses in all stages of a company's business life cycle no matter the economic climate.