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TAB Bank Provides TAB FAST Funding for Two Trucking Companies

February 26, 2016, 07:51 AM
Filed Under: Transportation
Related: TaB Bank, TaB Fast

TAB Bank announced it has provided TAB FAST funding for two trucking companies.  Each funding represents TAB’s commitment to providing working capital and other critical financial solutions and support 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 first transaction was closed with a trucking company in California.  TAB has provided them with a $120,000 TAB FAST line of credit.  The company specializes in automobile transportation and towing.

The second transaction was closed with a trucking company in Utah.  They received a $25,000 TAB FAST line of credit.  The company hauls dry freight throughout the western United States.

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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