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 also provided the company with $1.1 million in equipment financing.
The company provides intermodal, truckload, and cross border deliveries across Michigan, Illinois, Ohio, Indiana, Wisconsin, and Ontario, Canada.
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.
Ralph Kourtjian is TAB Bank’s Vice President and Business Development Officer based in Detroit. Ralph has years of experience developing client relationships and structuring credit facilities in the asset-based lending arena. Ralph can be reached at 947-465-1703 or at ralph.kourtjian@tabbank.com.
