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Factoring Company in the Midwest Chooses TAB Bank for a $2.5 Million Revolving Credit Facility
OGDEN, Utah, Feb. 23, 2017 (GLOBE NEWSWIRE) — A factoring company in the Midwest has chosen TAB Bank for a $2.5 million revolving credit facility. The facility is extended through a multi-year agreement and will enable the company to grow their business and fund additional clients. The company provides factoring services for clients in the oil &…
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TAB Bank Provides Waterworks Distribution Company in California with a $4.5 Million Revolving Credit Facility
OGDEN, Utah, Feb. 14, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4.5 million revolving credit facility for a waterworks distribution company located 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 is a distributor of underground…
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TAB Bank Provides Technology Services Company in California with a $2 Million Revolving Credit Facility
OGDEN, Utah, Feb. 09, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2 million revolving credit facility for a technology services company located 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 focuses on project implementation and…
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Help With Factoring
Definition of Factoring Simply put, factoring is where a business sells their receivables at a discount for immediate cash flow. In many cases, factoring can provide the solution that helps a business owner get through tough times or through times of rapid growth and expansion. In times of a weak or declining economy and customers…
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Food Distribution Company in California Chooses TAB Bank for a $3.5 Million Asset-Based Lending Facility
OGDEN, Utah, Jan. 26, 2017 (GLOBE NEWSWIRE) — A food distribution company in California has chosen TAB Bank for a $3.5 million asset-based lending facility. The facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a global supply chain provider of organically grown and…
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TAB Bank Provides $19.2 Million in Trucking Equipment Loans in 2016 4th Quarter
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…
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TAB Bank Provides Trucking Company in Oregon with a $1 Million Revolving Credit Facility
OGDEN, Utah, Jan. 04, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million revolving credit facility for a trucking company located in Oregon. 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, TAB…
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TAB Bank Provides Trucking Company in Minnesota with a $1.5 Million Revolving Credit Facility
TAB Bank is pleased to announce it has provided a $1.5 million revolving credit facility for a trucking company located in Minnesota. 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, TAB Bank has also provided the company with…
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The Advantages of Asset-Based Lending
As owners of small businesses know, the process of securing capital is not always straightforward. Bank-loan regulations often prove too restrictive for many small businesses (whether they be startups, turnarounds/reorganizations, seasonal sellers, or companies experiencing different stages of growth). As these organizations search for ways to thrive in an increasingly competitive landscape and find solutions…
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