Category: Press Releases

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…

OGDEN, Utah, Aug. 26, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4 million asset-based revolving credit facility for manufacturing company based in North Carolina.  The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company. In addition to the…

OGDEN, Utah, Aug. 12, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce the addition of Ralph Kourtjian (947-465-1703, ralph.kourtjian@tabbank.com) to their business development team as Vice President and Business Development Officer. Ralph will be based in Michigan and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities…

OGDEN, Utah, July 30, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4 million asset-based revolving credit facility for a water bottling company based in California. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company. The company’s mission…

OGDEN, Utah, June 09, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided an $8 million asset-based revolving credit facility for a consumer lighting products company based in Utah.  The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company. The company…

OGDEN, Utah, May 19, 2020 (GLOBE NEWSWIRE) — An energy company based in West Virginia 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 for the company’s ongoing working capital needs. The company offers patented on-site solutions for natural gas drilling…