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TAB Bank Provides $27.9MM in Trucking Equipment Loans in Q1/2016

April 07, 2016, 07:25 AM
Filed Under: Transportation

TAB Bank provided $27.9 million in trucking equipment loans for 233 transportation companies during the 1st quarter of 2016.  Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck owner-operators to small and large fleets.

“We are off to a great start in 2016 as we were able to help several trucking companies obtain necessary financing to purchase new equipment and update their fleets.  We are very committed to providing financing, service, and support to transportation professionals.  We are always striving to improve our systems, processes, and product offerings and are very much looking forward to continuing this momentum and trajectory through the remainder of the year,” commented Jan Allen Ackley, Chief Lending Officer for TAB Bank.

While FDIC-insured TAB Bank provides working capital and other financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank’s first industry was trucking.  In addition to Equipment Finance, these financial solutions are provided in the form of accounts receivable financing, asset-based loans, lines of credit, business accounts, and treasury management services.

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