OGDEN, Utah, Jan. 18, 2017 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it provided $19.2 million in trucking equipment loans for 193 transportation companies during the 4th quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities ranging from one-truck owner operators to small and large fleets.
“We are very excited with our quarterly trucking equipment financing results for the 4th quarter. This caps off a great year of working together with many trucking firms and our dealership partners to bring fast and flexible equipment financing solutions to transportation companies across the country. We look forward to building on this great momentum as we begin a new year,” commented Justin Gordon, Senior Vice President of Sales and Marketing for TAB Bank.
While FDIC-insured TAB Bank provides working capital and other financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank’s first industry was trucking. In addition to Equipment Finance, these financial solutions are provided in the form of Accounts Receivable Financing, TAB FAST Financing, Asset Based Loans, Lines of Credit, Business Accounts, and Treasury Management Services.