OGDEN, UT — (Marketwire) — 12/06/11 — provided $65.6 million in working capital facilities for several businesses during the month of November. These facilities were provided for companies across a broad spectrum of industries.
The new transactions are categorized as the following:
Four A/R lines of credit totaling $16.2 million
One ABL line of credit for $7 million
23 Equipment Loans for $5.5 million
Three participation loans totaling $8.2 million
Four capital lease purchases from lease originators for $4.8 million
A student loan portfolio acquisition for $23.9 million
TAB Bank has assets in excess of $700 million through a variety of financial products including: , , , lines of credit, and . TAB Bank provides working capital solutions to small- and medium-sized transportation and non-transportation businesses in all stages of a company-s business life cycle no matter the economic climate.
Contact Information:
Trevor Morris
Marketing Manager
801-624-4418
Twitter – @TABBank
Facebook – facebook.com/TABbank