OGDEN, Utah, April 03, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million asset-based credit facility for an oilfield service company located in Texas. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
The company provides product and service solutions to oil and natural gas exploration and production companies involved in horizontal drilling operations.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.
TAB’s nationwide team of business development officers have years of experience in developing client relationships and creating lending solutions that help small and medium-sized companies realize their potential.
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