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TAB Bank Provides Transportation Firm with $1MM Asset-Based Credit Facility, $1.1 MM in Equipment Financing

December 08, 2020, 08:00 AM
Filed Under: Transportation

TAB Bank announced it has provided a $1 million asset-based credit facility for a transportation company located in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition to the revolving credit facility, TAB Bank also provided the company with $1.1 million in equipment financing.

The company provides intermodal, truckload and cross border deliveries across Michigan, Illinois, Ohio, Indiana, Wisconsin and Ontario, Canada.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. 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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