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TAB Bank Provides Ohio Trucking Company With $3MM Credit Facility

August 17, 2015, 07:21 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

TAB Bank announced it has provided a $3 million revolving credit facility for a trucking company based in Ohio.  Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital needs.  In addition, TAB Bank also provided the company with a $1.1 million equipment term loan to purchase new equipment.

The company maintains multiple offices in the Midwest and Eastern United States and offers service across the continental United States and Ontario, Canada.

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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