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Trucking Company in Florida Receives TAB FAST Funding

July 31, 2015, 07:11 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

TAB Bank announced it has provided TAB FAST funding for a trucking company located in Florida.  This transaction represents TAB’s commitment to providing working capital and other financial solutions to companies in the trucking industry.

TAB FAST is TAB Bank’s quick cash factoring program for small trucking companies.  This program helps truck drivers get back on the road fast with approval and funding in as little as 24 hours.  In addition, the program comes with a mobile scanning app which further expedites the funding process and a TAB FAST Fuel Card offering discounts on fuel purchases.

The company specializes in expedited ground and air solutions, intermodal, oversized transportation, domestic LTL services, and import/export logistics.  TAB has provided them with a $200,000 TAB FAST line of credit.  In addition, the company will be utilizing TAB’s Treasury Management Services which provides them with immediate access to their cash through TAB’s business banking and online cash management tools.

While FDIC-insured TAB Bank provides working capital and other customized financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank’s first industry was trucking.  In addition to the TAB FAST program, these financial solutions are provided in the form of accounts receivable financing, asset-based loans, lines of credit, equipment finance, business accounts, and treasury management services.

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