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TAB Bank Provides $5MM Revolver to California Trucking Company

August 31, 2015, 07:46 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

TAB Bank announced it has provided a $5 million revolving credit facility for a trucking company based in California.  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 $5.9 million equipment term loan to refinance various pieces of equipment.

The company serves the crude oil transportation and logistics needs of major U.S. crude oil producing regions.  They operate 139 tractors and 183 trailers and transport approximately 1.5 billion gallons of oil annually.

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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