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TAB Bank Provides TAB FAST Funding to Georgia-Based Trucking Company

August 25, 2015, 07:17 AM
Filed Under: Transportation

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

The company operates four trucks and specializes in automobile hauling.  They deliver vehicles nationwide for dealers, car auctions, and other corporations.  TAB has provided them with a $300,000 TAB FAST line of credit.  In addition, the company received $488,857 in equipment financing.

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.

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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