Preparing For The Second Round of PPP Loans
Small businesses in the United States may be eligible for financial relief through the federal Paycheck Protection Program (PPP) that was introduced as a result of Coronavirus Aid, Relief, and Economic Security (CARES) Act. PPP is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA). PROGRAM OVERVIEWS BORROWER FORMS LIVE…
Manufacturing Company in New York Chooses TAB Bank for a $1.8 Million Revolving Credit Facility
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…
TAB Bank Provides $4 Million Senior Credit Facility to The Good Bean
OGDEN, Utah, Dec. 30, 2020 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has entered into a multi-year agreement with The Good Bean to provide a $4 million revolving credit facility. The facility was used to provide for the company’s ongoing working capital needs as it continues grow and expand the reach of…
Foods Company in Washington Chooses TAB Bank for a $4 Million Revolving Credit Facility
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…
TAB Bank Provides Transportation Company in Michigan with a $1 Million Asset-Based Credit Facility and $1.1 Million in Equipment Financing
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,…
TAB Bank Provides Commodity Brokerage Firm in Texas with an $8 Million 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…
TAB Bank Provides Cable Manufacturing Company in Missouri with a $2.5 Million Asset-Based Credit Facility
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…
Heavy Haul Transportation Company in Texas Chooses TAB Bank for a $3.5 Million Revolving Credit Facility
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…
TAB Bank Provides Diff Eyewear a $4 Million Revolving Credit Facility
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…
TAB Bank Opens Small Ticket Accounts Receivable Financing Office in Texas
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…
TAB Bank Provides Transportation Factoring Company on the West Coast with a $3 Million Rediscount Credit Facility
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…
Solar Company in California Chooses TAB Bank for a $2.5 Million Revolving Credit Facility
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…
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