TAB Bank Provides Trucking Company in Utah With a $3.5 Million Revolving Credit Facility

OGDEN, UT--(Marketwired - Aug 3, 2016) - TAB Bank is pleased to announce it has provided a $3.5 million asset-based revolving credit facility for a trucking company located in Utah. The new facility is extended through a multi-year agreement and will provide for the company's ongoing working capital needs.

The company owns and operates approximately 200 trucks and 330 trailers and is engaged in the transportation of materials for the oil and gas industry. 

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.

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.