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TAB Bank Provides $2.8MM Credit Facility to Transporation Company

September 11, 2014, 07:13 AM
Filed Under: Transportation

TAB Bank announced it has provided a $2.8 million revolving credit facility for a transportation company located in the Midwest. The company is a full-service, asset-based logistics provider.  The company provides service in all of the lower 48 states, with the majority of their service being provided in the Midwest.   

Proceeds of the facility will be used to pay the company’s previous lender and to provide for the ongoing working capital needs of the company. In addition to the $2.8 million revolving credit facility, the company also secured $517,000 in equipment financing through a term loan from TAB Bank.

Tim Green is TAB Bank’s Vice President and Business Development Officer based in St. Louis.  Green is an asset-based lending veteran with 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 accounts receivable financing, lines of credit, equipment finance, asset-based loans, business accounts, and treasury management services.

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