Category: Blog

OGDEN, Utah, Jan. 06, 2021 (GLOBE NEWSWIRE) — A manufacturing company in New York has chosen TAB Bank for a $1.8 million asset-based revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company is a manufacturer of woven textile and plastic…

OGDEN, Utah, Dec. 11, 2020 (GLOBE NEWSWIRE) — A foods company in Washington has chosen TAB Bank for a $4 million asset-based revolving credit facility.   The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company is a trader, processor, and distributor of chickpea…

OGDEN, Utah, Dec. 08, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million asset-based credit facility for a transportation company located in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition to the revolving credit facility,…

OGDEN, Utah, Dec. 04, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided an $8 million asset-based revolving credit facility for a commodity brokerage firm based in Texas.   The firm facilitates the trading of physical and financial commodity instruments on the open markets for its customers. They specialize in futures trades for…

OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is one of the premier…

OGDEN, Utah, Nov. 20, 2020 (GLOBE NEWSWIRE) — A heavy haul transportation company in Texas has chosen TAB Bank for a $3.5 million asset-based revolving credit facility.   The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company specializes in hauling large cranes and excavation…

OGDEN, Utah, Nov. 03, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has entered into a multi-year agreement with Diff Eyewear to provide a $4 million revolving credit facility.  The facility was used to refinance the company’s existing senior debt and provide for the company’s ongoing working capital needs as it continues to…

OGDEN, Utah, Oct. 27, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million. Approximately 400 existing customer relationships will be…

OGDEN, UT—TAB Bank is pleased to announce it has provided a $3 million rediscount credit facility for a commercial finance company located in Texas.  The company provides factoring facilities for transportation companies nationwide.  They needed to secure a new financing relationship as their previous lender was exiting this line of business.  TAB Bank stepped in…

OGDEN, Utah, Oct. 09, 2020 (GLOBE NEWSWIRE) — A solar company in California has chosen TAB Bank for a $2.5 million revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company designs and manufactures proprietary systems to mount solar panels…