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TAB Bank Provides Technology Company in California with a $2.5 Million Revolving Credit Facility
OGDEN, Utah, Feb. 12, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2.5 million revolving credit facility for a technology company based in in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company services the wireless technology needs…
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TAB Bank is pleased to announce the expansion of their West Coast presence with the launch of a Los Angeles Loan Production Office (LPO)
OGDEN, Utah, Jan. 29, 2020 (GLOBE NEWSWIRE) — TAB Bank announced today the launch of a Los Angeles Loan Production Office (LPO) to better serve its new and existing clients in the Western Region. TAB Bank has promoted Brett Horwitz to Managing Director and Head of Originations-Western Region and promoted Traci Crabtree to serve as Western Regional…
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TAB Bank Provides Commercial Finance Company in Texas with a $4 Million Rediscount Credit Facility
OGDEN, Utah, Jan. 10, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4 million rediscount credit facility for a commercial finance company located in Texas. The company is an entrepreneurial factoring and ABL shop that focuses on construction working capital finance. TAB Bank provides custom working capital solutions to commercial businesses…
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TAB Bank Provides Transportation Company in Kentucky with a $4 Million Asset-Based Credit Facility
OGDEN, Utah, Dec. 16, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4 million asset-based revolving credit facility for a transportation company located in Kentucky. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition to the working capital facility,…
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TAB Bank Completes $46 Million Acquisition of BAMFi’s BAM Capital Division
OGDEN, Utah, Nov. 25, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has finalized the acquisition of BAMFi’s $46 million BAM Capital Division. This is TAB Bank’s fourth successful completed acquisition of a working capital loan portfolio. As part of the acquisition TAB will retain the operations and staff at BAM’s office in Dallas,…
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TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
OGDEN, Utah, Nov. 07, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company provides print, marketing, and…
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TAB Bank Provides Organic Foods Company in Pennsylvania with a $5.5 Million Asset-Based Credit Facility
OGDEN, Utah, Oct. 31, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $5.5 million asset-based revolving credit facility for an organic foods company located in Pennsylvania. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company produces and distributes organic…
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TAB Bank Provides Supply Chain Management Company in Ohio with a $5 Million Revolving Credit Facility
OGDEN, Utah, Oct. 01, 2019 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $5 million revolving credit facility for a supply chain management company located in Ohio. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company provides mobile asset visibility…
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Factoring Company in Idaho Chooses TAB Bank for a $12 Million Rediscount Credit Facility
OGDEN, Utah, June 06, 2018 (GLOBE NEWSWIRE) — A factoring company based in Idaho has chosen TAB Bank for a $12 million rediscount credit facility. The new facility is extended through a multi-year agreement and will enable the company to grow their portfolio. The company provides factoring services for businesses operating in oilfield services as well as…
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Class 8 Orders Rocket Higher, Up 160% Year-Over-Year | Transport Topics
Preliminary October North American Class 8 net orders significantly surpassed expectations, rising to 36,200 units, ACT Research Co. reported. “October’s orders represented a 160% year-over-year jump from a particularly easy, cancellation-impacted, year-ago comp,” ACT President Kenny Vieth said in a statement. Orders in the 2016 period were 13,907. The orders also were the highest since…
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Scott F. Barnes Joins TAB Bank’s Business Development Team
in BlogOGDEN, Utah, Sept. 19, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce the addition of Scott F. Barnes (972-768-7306, scott.barnes@tabbank.com) to their business development team as Vice President and Business Development Officer. Scott will be based in Dallas and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities in…
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Good maintenance practices prepare you to take advantage of freight upticks
Earlier this year the U.S. Department of Transportation said it expects freight ton miles (the movement of one ton of freight for one mile) to increase by almost 50% by 2045. A report from the Bureau of Transportation and the Federal Highway Administration predicted freight ton miles would reach 7.6 trillion in the next 30…
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