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TAB Bank Provides Transportation Company With $2.5MM ABL Facility

May 23, 2014, 07:32 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

TAB Bank announced it has provided a $2.5 million asset-based lending facility for a transportation company located in the Northeast.  The company is a long-haul, dry van carrier that operates 66 tractors and 185 trailers.  In addition to transportation services, the company also offers warehousing and distribution, packaging and light assembly, and consultation services.  Proceeds from the facility will be used to pay off the previous lender and to provide for the ongoing working capital needs of the company. 

Robert Gole is TAB Bank’s Vice President and Business Development Officer based in Atlanta. Gole is an asset-based lending veteran with over thirty years of experience in the industry. 

TAB Bank provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions.  TAB Bank does this through asset-based loans, accounts receivable financing, lines of credit, equipment finance, business accounts, and treasury management services.

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