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TAB Bank Closes $1.5MM Credit Facility for Trucking Company

June 19, 2015, 07:10 AM
Filed Under: Transportation

A trucking company located in the southeast has chosen TAB Bank for a $1.5 million revolving credit facility.  The new facility is based on accounts receivable and will provide cash flow for the company’s ongoing working capital needs.  In addition, the company also received a $600 thousand equipment term loan from TAB Bank to acquire new 2016 equipment.

The company provides transportation and freight brokerage services for refrigerated produce and other food products.

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.

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. 

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