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TAB Bank Provides $5MM Facility to Transportation Company

December 22, 2015, 07:19 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

A transportation company based in North Carolina has chosen TAB Bank for a $5 million revolving credit facility.  The facility is based on accounts receivable and will support the company’s ongoing working capital needs.  The company operates 225 tractors and hauls freight for many big name shippers.

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.

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