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 and was able to provide more favorable terms and structure than their previous lending relationship.
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.
