OGDEN, UT — (Marketwire) — 07/14/11 — provided $62 million in working capital facilities for 26 businesses during the second quarter of 2011. These facilities were provided for companies across a broad spectrum of industries.
The new transactions are categorized as the following:
Five asset-based lines of credit totaling $15 million
Six A/R lines of credit for $12.3 million
Two re-discount lines of credit for $6 million
Nine participation loans totaling $20 million
Four capital lease purchases from lease originators for $8.7 million
TAB Bank provides working capital solutions to transportation and non-transportation companies in all stages of business life cycles during all economic conditions. TAB Bank does so through , Lines of Credit, Equipment Loans, and .
Contact Information:
Trevor Morris
Marketing Manager
801-624-4418