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TAB Bank Closes $18MM Credit Facility for Transportation Company

August 06, 2015, 07:29 AM
Filed Under: Transportation
Related: TaB Bank

A transportation company located in the southern United States has chosen TAB Bank for an $18 million revolving credit facility. The new facility paid off the company's previous lender and will provide for the company's ongoing working capital needs.

The company is a dry van and flatbed service carrier that operates a fleet of 650 tractors and also contains business units that focus on heavy and specialized hauls as well as a brokerage.

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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