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TAB Bank Provides Funding to Midwestern Trucking Companies

August 11, 2016, 07:41 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

TAB Bank announced it has provided working capital funding to two trucking companies located in the Midwest. Each funding represents TAB Bank’s commitment to providing customized financial solutions and dedicated service and support to the trucking industry.

The first facility is for a flatbed carrier based in Illinois. TAB Bank has provided them with a $3 million revolving credit facility that is extended through a multi-year agreement and will support the company’s ongoing working capital needs.

The second facility is for a carrier of food and grain products based in Wisconsin. The company currently serves hundreds of farms and businesses in the Midwest. TAB Bank has provided them with a $500 thousand revolving credit facility to support their current and future working capital needs.

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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