OGDEN, UT — (Marketwire) — 01/09/12 — provided $92.9 million in credit facilities for several businesses during the month of December. 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 $10 million
26 Equipment Loans for $5.1 million
Three participation loans totaling $4.6 million
Five capital lease purchases from lease originators for $5.1 million
A student loan portfolio acquisition for $11.9 million
A portfolio acquisition for $56.2 million
TAB Bank has assets in excess of $800 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