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TAB Bank Provides Funding to Two Companies Based in Florida

March 15, 2016, 07:44 AM

TAB Bank announced it has provided working capital funding to two companies located in Florida.  Each funding represents TAB Bank’s belief that small businesses are the heartbeat of the American economy.  TAB is committed to providing ongoing financing, service, and support so these companies can flourish and realize their potential.

The first transaction is with a communications equipment distributor.  This company supplies the communications market with equipment and supplies that empowers the communications professional with the ability to complete the highest quality applications.  TAB has provided them with a $250,000 revolving credit facility that that will support working capital needs and fuel the company’s growth.

The second transaction is with a temporary staffing firm.  TAB has provided them with a $750,000 revolving credit facility to support their ongoing working capital needs.  The company specializes in employee staffing to help their clients with enterprise resource planning, system implementation, reporting, support and maintenance.  They also implement and maintain business intelligence software.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.  These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions.  TAB Bank does this through a variety of asset-based structures including asset-based revolving loans, sccounts receivable financing, lines of credit, and equipment finance.  TAB’s lending options can also be combined with a full suite of business banking solutions and treasury management services.

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